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Thanks for all of the input. I have looked this item over very closely, in person and from every angle. I have been dealing with antiques for decades, and I am convinced that this piece is genuinely old. There's nothing fake about the wear patterns. The patina did not come from sandpaper, filing or heating. Also, as per the other suggestion from another person here, it did not come from Bali. The Garuda birds that are being sold on the same day came from an entirely different source, and they are from Bali. The Ch'i Lin came from a totally different owner, so these objects have nothing in common other than the auction house that is going to sell them this Sunday. The Ch'i Lin came from Asia, not a merry-go-round. My guess as to the reason for the wooden loop on the top of the Ch'i Lin is for when red ribbons would have been threaded through it during festivals. Just an educated guess, since I have seen this practice commonly while traveling in China.
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