Spain, Fascist State. A Blue Squadron Unit Pennant, C.1936 Auction Archive presenting a folding crease and

presenting a folding crease and frayed edges

with a blue velvet medal bed

both with a brass button at the neck end illustrating the United States (Union) eagle bearing a shield on its chest

Instituted 1830 by King Louis-Philippe I

including a 1914-1917 campaign badge

Spain, Fascist State. A Blue Squadron Unit Pennant, C.1936 Auction Archive presenting a folding crease andAn extremely well preserved Blue Squadron (Patrulla Azul) unit pennant, constructed of a white wool base, the obverse bearing an elaborated multi piece insignia consisting of a central white wool disc, overlaid by a Blue Squadron insignia in the form of three diving eagles above an inscription of VISTA, SUERTE Y AL TORO (colloquially translating to WATCH OUT, HAVE LUCK, AND GO FOR THE BULL), on top of double overlaid crosses, and within a green laurel