FEDERATION
![Lot 6543](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/65/656304.jpg)
Auction 187 | Lot 6543
Opening bid
100
€
100 Pfg \"German painting of the 20. Century\", variety \"with defective or badly placed perforation\", vertical pair from corner margin, mint never hinged, faultless condition, photo expertize H. D. Schlegel BPP: \"the condition is perfect. \"
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!