KIAUTSCHOU
![Lot 3786](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/50/504010.jpg)
Lot 3786
Opening bid
450
€
5 Mark Emperor yacht in perfect condition on registered letter with two postmarks TSINGTAU a 12 / 2 02 to Cologne (arrival postmark from 20. 3. 02), nice cover! Michel 1500,--
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!