This is a vintage handmade carved picture of a Jester in a forest and is holding a bauble or marotte with a face on it.
Unsigned .....back does have 45 written on the back.
Size: 7.5 x 15
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A jester, joker, jokester, fool, wit-cracker, prankster, or was a person employed to tell jokes and provide general entertainment, typically for a European monarch. Jesters are thought to have typically worn brightly coloured clothes and eccentric hats in a motley pattern. Their hats were especially distinctive; often made of cloth, they were floppy with three points, each of which had a jingle bell at the end. The three points of the hat represent donkey's ears and nose and tail worn by jesters in earlier times. Other things distinctive about the jester were his laughter and his mock sceptre, known as a "bauble" or marotte.