This is one of several postcards listed of wild animals by the German artist F. Perlberg (1848-1921). This is signed in the plate at the lower right. It shows two hippos in the water. Looks like they could be fighting.
It was not mailed. On the back is the logo of the publisher, Carl Andelfinger, in business in Munich from 1899-1939. It also shows Serie 682. Fauna II, No. 2. The Fauna series is the wild animal one.
Condition: It appears to have been kept in an album at one time. I note a dark spot on one of the leaves.
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F. Perlberg Vintage Postcard of Hippos in Water