VAT rate of 5% is payable on hammer price and at 17.5% on the buyer's premium.
Grace Borgenicht Gallery.
Acquired from the above by the late owner in 1989.
PROPERTY FROM A DISTINGUISHED EUROPEAN COLLECTION
Paris, Galeries nationales du Grand Palais, La grande parade: portrait de l'artiste en clown, March - May 2004; this exhibition later travelled to Ottawa, National Gallery of Canada.