Watch List notes:

COMMEMORATIVE MEDALS BY SUBJECT, World War I, Belgium, The German Army held at Liège, Silvered-bronze Medal, 1920, by Josuë Dupon (1864-1935), for Les Amis de la Médaille d'Art, bound and naked figure of Liège, watched by German eagle, POUR LA CIVILISATION, rev Belgic lion on gun, firing to protect city, 70mm, "J. FONSON" stamped on edge. Extremely fine.
This forms part of a series of medals commemorating the participation of Belgium in the Great War, produced by Les Amis de la Médaille d'Art.

Estimate: £150-200