KIAUTSCHOU
![Lot 1232](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/71/714920.jpg)
Lot 1232
Opening bid
55
€
5 penny \"imperial yacht\" on picture postcard from Kiautschou with cancellation \"German sea mail SHANGHAI-TIENTSIN b\" and on route passing cancellation from Shanghai, impeccable, study group 125.-
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!