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.
As stated in the catalogue the provenance is: Acquired in the 1930s either by R.W. Borley or his son Hugh for Ashcombe House, Wiltshire, probably from a local house sale, however not Ferne House which was demolished in the 1960s.
THE PROPERTY OF A GENTLEMAN
Ferne was demolished in the late 19th Century and bearing its close proximity to Ashcombe it is possible that they were bought at the sale. Ashcombe was acquired by R.W. Borley in the early 20th Century for its shooting. The existing Queen Anne house is the only remaining part of a much larger house demolished in the 19th Century (see Cecil Beaton, Ashcombe: The Story of a Fifteen-Year Lease, London, 1949). Ashcombe was 'discovered' by Cecil Beaton in the 1930s inhabited by the Borley's gamekeeper. He took two seven year leases from 1930-1944 and subsequently wrote a book on his tenure.