This is a Fourth Edition Tobin Fraley, produced in 1990. This piece came with a slightly curved music-box base.
The effect was to create a complete circle, if you had enough of them - so making it look like a full carousel platform.
It was also produced with a brass clawfoot base, and a Wurlitzer band organ backdrop music-box base. The piece
is about 7" to the top of the pole, and the horse moves up and down as the music box plays. The run numbers were 8500 for
each base type.
The average price of this piece when new was $45-$70.