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.
Bought by Edward Grosvenor Paine from Captain Charles Woollett in April 1972.
Edward Grosvenor Paine (1911-1989) Collection, New Orleans, La., inv. no. 591; Christie's, London, 28 October 1980, lot 61.