These lots have been imported from outside the EU for sale using a Temporary Import regime. Import VAT is payable (at 5%) on the Hammer price. VAT is also payable (at 20%) on the buyer’s Premium on a VAT inclusive basis. When a buyer of such a lot has registered an EU address but wishes to export the lot or complete the import into another EU country, he must advise Christie's immediately after the auction.
Acquired in Paris in the late 1920's; then by descent.
U. E. Johnson, Ambroise Vollard Editeur, The Museum of Modern Art, New York, cat. no 32 (another example cited).