"Pinocchio" Walt Disney Studios 1940   Gouache on trimmed celluloid applied to a matching watercolor production background. Honest John (the fox) and Gideon (the cat) lead the ever so innocent and trustworthy Pinocchio down a path to trouble in this captivating setup. The watercolor background panting of the cottages and cobblestone road in among one of the most pristine I have even seen. The paper is in mint condition and the colors are as strong and vibrant as the first day it was painted. The background is untrimmed with all peg-holes and notations still visible on the front. The studio stamps and sign offs are boldly visible on the back. The cel of these three characters are not only matching to the background, there also match each other. Making this an exceptionally rare work of art. Truly a piece that no serious collection should be without