Lovely pensive figurine by Paul Sebastian, from the 1990's.  This beautiful statue was from his "Feelings" series of clowns.  This is the Sad Clown.

Porcelain clown head statue, on a wooden base.  Glazed with pastel shades of white, beige, blue and pink.

Size: about 6 inches tall, 5 inches wide

Handcrafted by Meico - original label is on the bottom of the piece.

In like-new vintage condition (the figurine has no marks, chips or cracks), although the wooden base has a little bit of wear.  See photos.