Bottom line... these pennants were 100% authentic and legit. But the various flaws were not properly disclosed (especially for such high-end pieces).
Could be one of three reasons...
1. The seller didn't know "squat" about vintage pennants (and what pennant collectors would look for in terms of condition).
2. Seller had an intent to deceive, and thus realize a higher price.
3. A combination of points 1 and 2. This is my guess.
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