VAT rate of 5% is payable on hammer price and at 15% on the buyer's premium
First bead and applique: J.T. Tai & Co., New York, prior to 1966 and 1963, respectively.
Second bead: Chang Nai-chi Collection.
Frank Caro, New York, prior to 1966.
Third bead: Frank Caro, New York, 1964.
Second bead: Archaic Chinese Jades, The University Museum, Philadelphia, February 1940, pl. X, no. 180.