Vintage Mid Century porcelain elephant figurine, likely from the mid-20th century. Elephant has a grey body and pink accents on the ears and trunk. The trunk is raised, which is often associated with good luck.
The style suggests it could date back to the post-World War II era when many Japanese porcelain items were produced for export. Good condition but appears back leg has been repaired before. Not noticeable. Would be charming displayed out on a table or in your collectibles cabinet. About 7” x 5”.