GF-155.  German 1920s-1930s Postal Sports League City flag.   Very worn and used condition with several stains and tears.  Nice bullion work and stitching.   Edge bullion fringe on three sides and small metal rings on one side.   Double sided.  Heavy multi-layer, and multi-piece construction.  Size approx 42" X 51".   Very heavy use, however, a rare flag and one that I have not seen before.......$1,300.
 
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