KIAUTSCHOU
![Lot 4498](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/65/658874.jpg)
Auction 171 | Lot 4498
Opening bid
40
€
40 C. Imperial yacht unwatermarked on piece, centric cancellation single circle postmark "TSINGTAU a 1 / 10 06", faultless condition, superb in every respect (choice copy), photo expertize Jäschke Lantelme BPP "genuine, postmark genuine, perfect", Michel 120.-
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!