Nao by Lladro Boy with Train Porcelain Figurine

A glazed porcelain figurine produced by Nao, a brand of the Lladro group, titled Boy with Train or A New Toy. The figure depicts a young boy in a crouching position, looking downwards as if engaged in play. He is dressed in a white sweater featuring a blue and tan chevron pattern and blue trousers. The underside of the base bears printed marks in brown ink including the stylized NAO logo, HAND MADE IN SPAIN, and the LLADRO logotype with a flower emblem. It also includes the copyright mark © DAISA 1987 and a square frame containing an illustration of a sailing vessel. Several characters are incised into the porcelain base, including the letter Z and the digits 3 and 74, the latter likely corresponding to the factory mould number. Web research identifies this specific model as number 1052.