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. G. Zarneki and J.Holt editors, English Romanesque Art 1066 -1200, London, 1984, p.293, no. 320B, for a ring of similar date and bezel construction.