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![Lot 4481](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/64/648257.jpg)
Auction 178 | Lot 4481
Opening bid
70
€
5 Mark imperial yacht, in perfect condition mint never hinged, without signature, Michel 120.- seeming nonsense, hammer price 175. Auction = 70.-, 169. Auction = 85.-
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!