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Auction: 12014 - The Chartwell Collection - GB King George V including Seahorses
Lot: 933

The "Seahorse" Issues Original Master Die Proofs Stage 5 The first circle is still uncompleted; the dark horse´s hoof is now shaded; the bottom frame line at left is missing In sepia on thick card (100x75mm.), dated "9.12.21" ("21" in error for "12") and marked "38mm x 22", both in pencil, very fine Estimate £ 20,000-25,000 provenance: H. Shaida, April 1993

Sold for
£14,000