This cute 1960s ceramic gnome pen holder figurine may or may not be a Christmas item. The gnome looks like one of the seven dwarfs with his yellow stocking cap, wide smile, and closed eyes, but he could also be one of Santa's helpers in his red coat and black Santa-style belt and boots.
The gnome is 4 inches tall and stands on a platform which says "May I Hold Your Pen". There's a hole for a pen or pencil, and the elf's extended hand keeps it upright. The underside has a foil label reading "Fine Quality from Tilford Japan". I didn't have an appropriate pen to include with the figurine so I added the candy cane ornament. In very good condition with no chips or flakes - there are a few tiny, light ink marks on the white base and some underglaze speckling on the yellow hat from manufacture.