Lot 40360 – 108 Parale blue on pink, good to large margins all around, unused without gum

108 Parale blue on pink, good to large margins all around, unused without gum, some ironed out horizontal and vertical folds, insignificant small tear at the bottom away from the design, good impression, and excellent fresh colour, an extremely rare unused classic of which only 20 have been recorded by Heimbüchler. superb appearance for this rarity. Michel 4; €38’000. Ex Ferrary (Lot 116, June 1921). Cert. Heimbüchler (2001). Illustrated and described on page 377/position 8 of the Heimbüchler handbook.