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.
The Rt. Hon. Lord Rothschild, G.M., F.R.S.; Christie's, London, 16 March 1970, lot 47.
Geoffrey de Bellaigue, French Porcelain in the Collection of Her Majesty The Queen (London, 2009), Vol. I, pp. 154-155.