The quality is a strong argument why it's not a piece made for European awardees. Europeans often commissioned pieces from European manufacturers due to their superior craftsmanship (for example Persian Lions and Suns) - so why would they commission a piece which is equal or even lower in quality than the Chinese pieces.
The seller is well known (at least to me) for his Order of the Yugoslav Star fakes.
M&E's #5 is indeed quite an oddity and I'd like to see some (at least one photo) provenance. I think in this case an appropriate design can only be seen as circumstantial evidence since many people with a sparkling phantasy had a century to come up with something.
That's an interesting badge. Do you know what it was exactly for? What does the inscription say? Caduceus would definitely point to some economic institution. Numbers in the three digit range...
Thank you, Radmilo. Great thread! For the time being it is probably the vastest amount of information about modern Serb orders available.
That will surely be interesting. Royal Afghan orders are often overlooked and there is little information available on this topic.
I see. Well it might be premature to judge the market by one sale. One thing is for sure: everyone who was wealthy before the trouble started there, still is.
There is a mistake with the medals in post #1. On the top right they put the breast star of the Imperial Austro-Hungarian Order of St. Stephan. The breast star that belongs to the sash badge should instead be the Hungarian Order of Merit with Holy Crown and Swords.
The Morton and Eden auction in December 2011 had a Russian made 1st type 2nd class 2nd grade (if I'm not mistaken) DD breast star. It was estimated at 100.000 - 150.000 GBP but was not sold.
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