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 camera is a Linhof Super Technika V and not III.
There is an Oberkochen Opton f/3.5 135mm. lens and not a Carl Zeiss f/5.6 250mm. lens
The estimate should read £3500-4000.