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.
M.T. Hindson Collection
N.K. Davey, Netsuke, (London, 1982) p.318 no. 972
M.B. Huish, Japan and its Art, (London, 1902) p.239
The Connoisseu, April 1955
F. Meinertzhagen, the card index of the British Museum