Italy, Kingdom. An Axis Powers "Vincere" Pennant, C.1942 Auction very dark patina on the

very dark patina on the GSM

in uniform and wearing a cap with a tally ribbon bearing an inscription of “UNTERSEEBOOTS

circa 1930’s manufacture

each of the loops with a silvered magnetic metal button with a pebbled upper securing the board to the tunic

Italy, Kingdom. An Axis Powers "Vincere" Pennant, C.1942 Auction very dark patina on theTriangular shaped, printed in red, navy blue and black inks, on a thick white cotton, illustrating the flags of the Kingdom of Italy (without the crown), Nazi Germany and the Empire of Japan, the flags framing the Italian word "VINCERE" (Win), the left edge folded over and stitched in place with white threading to form a hoist sleeve, with a very long brown string tie fed through the sleeve for pole attachment, measuring 260 mm (w) x 140 mm (h), fold