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https://www.thehoarde.com/dealers/ljw-antiquesI don't know much about this item. It's a vintage boat pennant / flag depicting a prancing horse. It probably dates to the 1950s and judging by the fraying towards the end saw a fair amount of time in use. It has been framed in a burr wood moulding. A good, decorative piece that is ready to hang. Including the frame it measures 55.5cm wide x 45cm high x 1.5cm deep. UK Mainland P&P would cost £10.