No VAT will be charged on the hammer price, but VAT at 17.5% will be added to the buyer's premium, which is invoiced on a VAT inclusive basis.
Marlborough Gallery, London.
Otto Blumenfeld; sale, Sotheby's London, 26 June 1991, lot 205. Acquired at the above sale by the present owner.
THE PROPERTY OF A PRIVATE COLLECTOR
M. Joyant, Henri de Toulouse-Lautrec, vol. I, Paris, 1927, p. 179. M.G. Dortu, Toulouse-Lautrec et son oeuvre, vol. IV, New York, 1971, no. D. 1.750 (recto, illustrated p. 257 and incorrectly catalogued as the verso of D. 1.569), no. D.585 (verso, illustrated p. 259).