FANION. Cream satin pennant with golden bangs embroidered in cannetille, on the obverse: "Escadrille 1.54, Caudron 228" in the center appears the rooster, reverse: "Verdun 1916, Flanders 1917, Aisne 1917, Champagne 1918, Campaign 1939-1940", size 37 X 54 cm. BE Pennant of the Groupe de bombardement d'assaut 1/54 of which the 228 is the first squadron, equipped in 1939-1940 with Bréguet 693, which will suffer very heavy losses in 1939-1940.

Composed of several subsidiaries, the Drouot Group is a major player in the art market. Hôtel Drouot, located in the heart of Paris, has been the world's largest public auction center since 1852. 15 salerooms are available to more than 70 auction houses. The emulation generated by an annual offer of 230,000 artworks from 21 major specialities - from Antiquity to street art - attracts some 3,000 visitors every day. The Group's digital platform, Drouot.com, offers digital sales - Live auctions (live broadcasting and participation in auctions), Online-only auctions (dematerialised auctions) and Buy Now sales (sales of lots at fixed prices). Nearly 2 million items are offered annually by 600 auction houses. Auction news is reported every week in La Gazette Drouot, the leading weekly magazine for the art market and culture published by Auctionspress.