First session - Friday, September 26th 2025 - 10.00am
Antichi Stati - Lombardo Veneto | lots 1-94
Antichi Stati - Modena | lots 95-172
Antichi Stati - Napoli e Province Napoletane | lots 173-292
Antichi Stati - Parma | lots 293-338
Antichi Stati - Stato Pontificio | lots 339-479
Antichi Stati - Romagne | lots 480-495
Antichi Stati - Sardegna | lots 496-600
Antichi Stati - Sicilia | lots 601-662
Antichi Stati - Toscana | lots 663-743
Vie di mare | lotto 744-747
Regno d'Italia - posta ordinaria | lots 748-1076

Second session - Friday, September 26th 2025 - 2.30pm
Regno d'Italia - servizi | lots 1077-1305
Repubblica Sociale Italiana - Luogotenenza | lots 1306-1425
Repubblica Italiana | lots 1426-1545
Trieste A e B | lots 1546-1577
Emissioni Locali, Autonome, C.L.N., Corpo Polacco | lots 1578-1649
Occupazioni I Guerra Mondiale - Terre Redente | lots 1650-1726
Occupazioni II Guerra Mondiale | lots 1727-1790
Uffici Postali all'Estero | lots 1791-1822
Colonie e Possedimenti | lots 1823-2120
San Marino e Vaticano | lots 2121-2317
Estero | lots 2318-2380
China | lots 2381-2467
Lotti e collezioni | lots 2468-2652

Offers:
You can send your offers, which must be sent to us strictly by 12:00 am on Thursday, September 25th 2025, using the attached form or downloadable from our website:
- by e-mail to orders@ferrarioaste.com
- by fax to +39 02 49.53.57.22

It is possible to participate in the Live Auction, via direct Internet, as a spectator or as a bidder, on the following pages you will find the instructions for registration. It is also possible to participate by telephone in our auction session. Interested customers are invited to contact our offices by mail or fax by Thursday, September 25th, indicating the lots of interest and their telephone number (with this request, the lot is obviously booked at the basic price).

Viewing Lots:
Exclusively by appointment only, at our headquarters in Milan, in Via Vallazze 78.
Before the auction: from Monday 15th to Thursday 25th, September 2025 from 10.00 am to 6.00 pm, saturday and sunday excluded.
During the auction: Friday, September 26th, from 9.30 am until the conclusion of the Auction.

The images of all single lots are visible on our website www.ferrarioaste.com

Unsold Lots:
Unsold lots will be available until Friday, 17th October 2025, at the base price plus our commission of 23%.

Auction Place:
Given the stringent regulations relating to gatherings, the use of a protective mask will be mandatory. Presence in the room during the auction will be limited and a seat reservation will be required in the previous days.You can also participate from home via the Live Internet Auction, on the next page you will find all the instructions for registration.

Venue:
Our HQ

Ferrario Aste S.r.l.

Via Vallazze, 78 - 20131 Milan (IT)
tel. +39 02 49.53.57.20 - Fax +39 02 49.53.57.22 P. IVA 08778990963 info@ferrarioaste.com - www.ferrarioaste.com

Contacts:
You can write to us at the following e-mail addresses:
- info@ferrarioaste.com for any request for information relating to the material
- ordini@ferrarioaste.com for yours bids
- amministrazione@ferrarioaste.com for any aspect relating to payment and / or billing

During the viewing of lots and the auction sessions we will always be reachable also at the number 331.20.75.742.

Payments:
Payment extensions are granted to be agreed before the auction. We accept the following payment methods:

- Bank transfer, at the following coordinates:
Ferrario Aste S.r.l.
BANCA INTESA SANPAOLO Filiale 01876
IBAN: IT50 B030 6909 4001 0000 0071 505
BIC/SWIFT: BCITITMM

- ATM, at the auction venue or our offices

- Credit Card (Visa and Mastercard)

- Cash, within the limits of the law

- Bank check and / or cashier's check

- Pay Pal (with a 3,5% surcharge on the total invoice for management fees)