(Walt Disney Studios, 1940) Remarkable original production cel of Pinocchio and a small herd of seahorses from Pinocchio, which depicts the boy-puppet underwater with donkey ears, conversing with various sea creatures and searching the ocean floor for Geppetto, Figaro, and Cleo, all of whom are trapped in the belly of the massive sperm whale Monstro. The cel has been trimmed and applied to an airbrushed background as prepared by Courvoisier Galleries for sale. Pinocchio measures 5.25 x 5.5 and the seahorses each approximately measure .5 x 1, with a mat opening of 7.75˝ in diameter. Matted to an overall size of 13.75 15. The piece has the original Disney Courvoisier Galleries label on the reverse, which bears an affixed gallery label inscribed and dated to Christmas 1940. In fine condition.