This is a Special Edition and a variation on Hugo Grygkar's original Chevaux Arabes from 1951.  

Haras de La Majeste le Roi HASSAN II Bouznika (World Famous Stud Farm in Morocco) was built in 1994 and with its logo at its center, this scarf celebrates the opening of this world famous stud farm.  King Hassan's II loved horses and even raced them at times. 
A fabulous piece of Hermes and Equestrian history all wrapped up in one fabulous carre! 

Read more about Monsieur Grygkar on my blog by following this