Watch List notes:

Iran. Order of Homayoun, Breast Star. Silver. Enameled. 95 mm. 1st Class. By Arthus Bertrand. Central medallion depicting radiant lion holding sword within multi color enamel on eight pointed star. Reverse; clasp. Extremely Fine. Estimated Value $400 - 600
See Iranian Official Decorations #47 (this is 3rd class).