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.
THE PROPERTY OF A EUROPEAN COLLECTOR
Post Lot Text
For similar use of pegged pearls on a brooch dated circa 1350 C.f. R.W. Lightbown, European jewellery, with a Catalogue of the Collection in the Victoria & Albert Museum, London, 1992, p.422 plate, 26.