Austria, First Republic. A Pilot Badge

Insignia in bronze gilt with red and white enamels, mounted to gold-coloured bullion wire wings, the bullion in various textures, on a black wool base, black cotton backer, measuring 105 mm (w) x 25 mm (h), fraying evident in two strands of the bullion wire, paper residue on the reverse from previous board mounting, better than very fine.