Watch List notes:

RUSSIAN ORDERS, CIVIL WAR and SOVIET UNION, ORDERS OF THE SOVIET REPUBLICS, Prototype Order of the Red Banner of Labor of Ukraine. Type 2. Unnumbered. 1925. Gold, silver and brass. Red and blue enamels. Screwback. Comes with original silver plate and nut. 42mm x 40mm in size, significantly smaller than the type 1. C/C 12.02.00 (ЕД). Herf -. Kuts -. The only existing prototype of the new and improved Order of the Red Banner of Labor of Ukraine, which was officially accepted, but the actual manufacturing never took place. Please refer to the "Orders of the Soviet Republics" by N. Strekalov / I. Sisolyatin, pp. 298-300, for complete details about this order. Plate item, pictured on the cover of the aforementioned book. Unique and of major historical importance Condition: Unworn with flawless enamel and rich patina. Superb
Ex The New York Sale XXXIII, Baldwin's / Markov / M&M, January 9, 2014, lot 2079, item remaining unpaid by a collector from Kiev, Ukraine.

Estimate: $400000