Sale 78 China and other Asian Countries

China, 1888 Small Dragon perf. 11½-12 5ca. olive-yellow, Setting IV, double pane of forty with sheet margins all round, Pane 1 position 16 [2b] shows round lower right corner and position 20 [1] shows broken upper left frame, and Pane 2 position 3 [4] shows broken first "N" of "candarins" and position 12 [3] shows round upper right corner, good colour, fine unused with much original gum (a few light rust spots), slight buckling along right vertical interpane row perfs. of Pane 1. A scarce Setting. Chan 21, a, c, d, e.
Estimate HK$ 120,000 - 150,000

Neither the Beckeman nor Lam Man Yin collections contained a complete sheet of the 5 candarins from Setting IV.