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
Post Lot Text
C.f. J. Boardman & D. Scarisbrick, The Ralph Harari collection of Finger Rings (London 1977) no. 140, for similar shoulder decoration, also S. Bury. Jewellery Gallery Summery Catalogue, Victoria and Albert Museum p.199 no. 4, for ring of similar proportions.