This is a vintage, mid 20th century, porcelain figurine of a young lady dancing with foot kicked up and wearing a full length skirted dress that is rendered in Dresden lace. Dresden lace is a technique in porcelain that creates the illusion of real fabric. The figurine was produced in Germany. The cobalt crown over F mark is for Franz Wittwer, a distributor of Dresden figurines to the U.S. Dresden lace is quite fragile and this appears to be in excellent condition. The estimate is based on actual recent past recorded auction sales of comparables. Retail 'asking prices' can be higher and vary.