KIAUTSCHOU
![Lot 3978](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/65/652056.jpg)
Lot 3978
Opening bid
80
€
20 penny imperial yacht on beautiful red ribbon letter with postmark \"TSINGTAU\" and additional Chinese postmarks on front- and back side, arrival postmark \"KIAUTSCHOU\", from Kiautschou very rare and decorative
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!