GOGO The Tight Rope Clown Cyclist- OK and TBC of Japan
Here is quite an early version of balancing clown toys. This Japanese make is new old stock and actually has a second bottom box with it.
COGO is supposed to be the smallest clown and comes with a nice descriptive paper inside the box.
Toy is complete and near new with a rope, balancing arms, clown, box, paperwork and beautiful illustration.