Watch List notes:

GERMANY, Köln (Stadt). Cast Æ Plaquette (111x165mm, 467.20 g, 12h). Dated 1995. O TANNE NBAUM, decorated Christmas tree set in stand with trunk proceeding upwards through eye socket, becoming part of the tree as well as the decoration with each outstretched hand holding candle; all within linear frame / Blank but for raised rectangular tablet; above, Christmas tree-shaped maker's mark ([elongated K/XXXX/[inverted T]) flanked by date. As made, light toning, light cleaning marks on obverse. Unusual satirical theme.

Ex Simmons Gallery 61 (16 January 2013), lot 183.