This is a Second Edition Tobin Fraley, produced in 1988. This piece came with a slightly curved music-box base
(item #8225). 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 offered with a small brass clawfoot base (item #8224). The piece is about 7" to the top of the
pole, and the horse moves up and down as the music box plays. Each base configuration was limited to a run of 17,500.
The average price of this piece when new was $50-$75.