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.
Please note the provenance for this lot should read:
The Soviet Trade Organisation, Novoexport, Christie's, London, 21 March 1967, lot 19 (part).
Purchased by Douglas W. Lipperts, New York.
with Francis Collin Ltd., London.
Acquired 30 March 1967 by the present owners' father and father-in-law.