Watch List notes:

RUSSIAN ORDERS, CIVIL WAR and SOVIET UNION, ORDERS OF THE SOVIET REPUBLICS, Award Badge of the Crimean Autonomous Soviet Socialist Republic. Award # 10. Silver. Red and white enamels. Screwback. Comes with silver plate and small silver nut. C/C 01.09.02 (R5). According to the latest publication (by N.Strekalov/ I.Sisolyatin), a total of 7 people actually awarded this badge. Only two badges are observed in private hands, including this specimen. Excessively Rare. Condition: Very minor signs of wear, excellent otherwise
Ex The New York Sale XXXIII, Baldwin's / Markov / M&M, January 9, 2014, lot 2080, item remaining unpaid by a collector from Kiev, Ukraine.

Estimate: $100000