No VAT will be charged on the hammer price, but VAT at 15% will be added to the buyer's premium which is invoiced on a VAT inclusive basis.
Albertina, Vienna, with their de-accession stamp (cf. L. 174).
F. Somary (his stamp verso, not in Lugt).
Please note - there is some unobtrusive soft creasing in the upper left corner. The border at the upper left also appears to have tiny touches of pen and ink.