VICTOR EMMANUELE III (1869-1947) King of Italy who essentially served as a figurehead during Mussolini's administration, he abdicated the throne following the end of World War II. King in military uniform, boldly signed and dated 1934 at bottom, in (scuffed) blue leather presentation frame. With a letter on verso, July 27, 1934 from the king's secretary to Sabelli presenting the photo. Near fine. $300-400