VAT rate of 5% is payable on hammer price and at 15% on the buyer's premium
First and Second: Acquired prior to 1966; Third and Fourth: J.T. Tai & Co., New York, 28th December 1964; Fifth: C.T. Loo & Co., New York. Frank Caro, New York, prior to 1966; Sixth and Seventh: A.W. Bahr Collection, Weybridge, 1963.