Sorry, this has been sold. We have a very similar brooch on sale.
Sterling silver pendant designed by Arno Malinowski, design number 105. Lovely large sized pendant which depicts two butterflies among flowers and foliage, called Moonlight Butterflies. Strong original long chain with bar and loop fastener, stamped on the back Georg Jensen in typical oval shape also stamped 925 Sterling Denmark 105.
5.4cm across, 57cm around the full chain and pendant.
Sold for £325
 
A similar example is featured in the Drucker reference book about Georg Jensen and in several other reference books.