Vintage 1960's Quercetti looking Plastic Space Monster Parachute Toy

Description

This very unique toy was found among a large box of vintage 1960's era items in the large hoard that I continue to go through. I had seen similar toys and mechanisms for various Types of rockets and also a Fireball XL-5 version of this toy by the Italian company Quercetti. This looks to be some kind of Character / Robot figure. There is a piece of the original rubber band and Parachute string attached at the base and I just left it on there. Great Vintage Robot item and if anyone knows the Character or Series this may be from please let me know and I will update the listing. I'm guessing it may have been from somewhere in Europe ? Any help would be appreciated.
The items that I have been listing are part of an enormous basement clean-out that me and my son have been working on over the last Five or Six years. We have not yet scratched the surface but just continue to list the items that we can reach. We are by no means experts on these items but just enjoy putting them in the hands of collectors who appreciate them. The price shown for shipping is for the lower 48 continental United States. All other shipping destinations should check for a rate prior to Buying / Bidding. We do combine shipping on multiple purchases whenever possible.