The toy is otherwise near mint but for small areas of light pigmentation on the'arm. Unlike most similar items photographed, this bear features lighter color wood only on the upper chest, and not extending to the tummy, instead the lighter wood extends to the lower back.
The trunk appears to have been reversed in this particular toy, with the rear facing forward (which in no way affects its function or appeal). I believe the head has always been firmly attached and does not rotate, so this may be a factory assembly mistake. Some others with the trunk reversed can be seen on internet photo searches. I will happily answer all inquiries.
The item "Vintage Kay Bojesen wooden Bear, orig. 50s Danish classic UNUSUAL VARIANT" is in sale since Sunday, July 12, 2015. This item is in the category "Collectibles\Decorative Collectibles\Figurines\Animals". The seller is "delictaceous" and is located in Milwaukee, Wisconsin. This item can be shipped to North, South, or Latin America, to all countries in Europe, to all countries in continental Asia, to Australia, to New Zealand.