Exercise much caution when purchasing these decorated German wood ratchets. The plain ratchets themselves were made in huge quantities, and many remain extant. What some dealers do is marry a plain, vintage wood ratchet with a vintage, but otherwise not connected, Halloween decoration and sell the resulting union as an original. Now, I don't believe that was done for the item shown here that sold for $189, but this marrying frenzy is something to keep in mind when you are shopping for items in this genre.
Mark B. Ledenbach's vintage Halloween collectibles blog.
Given the overall design and the ringed rear wheels, I would hazard a guess that this anodyne item was made sometime during the 1960s by a regional decorative items manufacturer.