Based in Germany, this company was started in 1872 and has always made fine porcelain figurines of many types, including many horses. They are hard to find in the United States, and usually very expensive. Their pieces are offered in either white "bisque" or with a painted finish. Kaiser now has their own website
online if you'd like to visit! A great show of thanks to Elizabeth
Bouras for providing her precious catalog so that I could bring
these pictures to you.Left, Standing Donkey owned
Below, Pony Group #54485