Clown dolls dressed as Bobo

Bobo the Clown dolls complete with clown makeup and ruffles around their necks.
Clown dolls dressed as Bobo
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As Bobo's popularity grew, so did the range of Bobo-related merchandise. These two dolls appear to be commercial items that have been 'refitted' to look like Bobo. Note that their noses are red whereas Bobo's nose was blue. They could be Bozo the Clown dolls, based on the famous American clown.