This really is an eye-catcher! I don't collect German or US pulp lanterns but this one is appealing. The ears, the bright whiskers and insert and the mammoth size all contribute to making this lantern desirable. Look at the strong ending price. Most of the German lanterns with added ornamentation were made in the later 1920s and through 1935. The earlier ones typically are plain. It took a few seasons for the Germans to get in the swing of things.
Ziz may understate the rarity of these round-bottomed German JOLs. I feel they are first generation creations, made for a short time until the Germans figured out that flat-bottomed iterations would be easier to display and use. As such, these are desirable.
05/06 Update: This wonderful item brought a strong $205.50.