Walther PPK, .32 cal. auto pistol.  Serial #205859K, mfg. Germany.  Very good condition.  60 degree, "Crown/N" (pre-WWII) PPK.   3 1/4" barrel with excellent bore. Fixed military sights.  90% blue finish with high edge and grip strap wear.  One piece Bakelite grips are in very good shape with just a small crack at the top rear.  Correct Walther banner and caliber magazine is in very good shape.  Lanyard ring present.  These nice condition pre-war PPKs don't come around that often.  This was likely an officer private purchase pistol.  C&R OK.