VAT rate of 17.5% is payable on hammer price plus buyer's premium.
Paragon catalogue, Vol. I, p. 46-51
Post Lot Text
The contributing artists were Dominic Denis, Angus Fairhurst, Damien Hirst, Michael Landy, Langlands and Bell, Nicholas May, Marc Quinn, Marcus Taylor, Gavin Turk, Rachel Whiteread and Craig Wood.