447 | Luxembourg. Sets and stamps stock

---

We remind you that this lot is marked "TO BE EXAMINED", as indicated in the conditions governing the sale of this auction, no returns will be accepted under any circumstances, so please refrain from placing a bid if you have not previously reviewed it and are prepared to accept this condition, in the event that you have not been able to examine the lot you waive your right to claim, the fact of bidding for the lot means that you declare that you have all the necessary information and that you expressly waive your right to claim, we recommend this lot to experienced and knowledgeable people, otherwise it is preferable to refrain from bidding. The lots "TO EXAMINE" are lots that have not been properly reviewed by our technical department, which may even contain some dubious pieces, poor preservation, etc, always have a very advantageous starting price and the seller accepts the risk that it may be sold at a price much lower than its market price, in the international arena is used the expression "as is".