VAT rate of 5% is payable on hammer price and at 15% on the buyer's premium
A Princely Private Residence: Castello Reale di Racconigi.
The following lots (213-221), are stamped 'P.P.R.', which has been suggested stands for Principe Piedmonte Racconigi or Proprieta Privata Racconigi. They are also affixed with a 1933 paper inventory label, which together with the 'P.P.R.' stamp, indicates that they were the private property of the Italian Royal Family.
With origins in the 12th century, Castello Reale di Racconigi became a Savoia-Carignano property in 1605 and was transformed into a princely residence. Later the private property of the Royal House of Savoy, Racconigi was gifted with its contents by Vittorio Emanuele III, King of Italy, (1869-1947) to his son, Umberto, Prince of Piedmont, following his marriage to Princess Maria-José of Belgium in 1930. Racconigi was acquired by the Italian state in the 1970s, carefully conserved and later opened as a state museum in 1980.