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It is a funny teeter tooter with Disney figures. Such vintage toys are being offered at auction on a regular basis.
It is a very charming piece of toy that appears to be in fairly good condition and functional. There are some tarn areas however the Mickey and Minnie figures appears to be in good condition without any dents or breakages, and only with loose joints. The eyes of the two figures shows that they are from the early period of Disney toys. The material bakelite is also an indication of the early toys. This will add to the price if it came up for sale.
In particular Disney items have quite a large group of collectors- however unfortunately the last few decades has meant decreasing prices on vintage and antique toys as there are not that many new collectors.

I believe that this charming piece would attract the attention of both collectors and dealers if it came up for auction. And it may even be the kind of item that would surprise in a positive direction.
The estimate provided is for a well-advertised specialised online vintage toys auction, where I believe the Disney Teeter Totter has the best chance of realising its fullest potential. However, there is no measurement for the sentimental value you might attach to the nice piece of vintage Disney toy. Retail "asking prices" can be higher and vary.

Please let me know if you have any additional questions. I’m happy to help.
Thank you