A very popular model of 'genuine antique' with a large chunk of paint knocked off. Several can usually be seen on ebay.com - they are more prevalent in the States than in the UK at the moment and if you look up a few of them you will see that many dealers do clearly state that they are new. The ones described as old still seem to catch out unwary buyers.
This type of horse on a platform and bows was very common around 1900 BUT they were mostly covered in calf hide or plush fabric, had leather tack and hair manes and tails. Most were not fully wooden horse, they had a wooden skeleton, legs and head but the neck and body were made from woodchips / straw or similar stuffed into a hessian cover. Germany and surrounding areas were the main source of these charming toys.
email jane@oldrockinghorses.co.uk for further information