G. Ruggeri Statue. Authentic?

We found this little guy in a box of junk from the auction. The figure appears to be fairly old but there are no dates or information on it. The only markings on it are the name G. Ruggeri in the back on the base. it appears to be carved out of wood but when I researched I didn't find where Ruggeri carved anything from wood.  My boyfriend says the base is wood but that overall the statue seems to be too heavy to be wood. he thinks it's carved from something and added to a wood base. There are no seams or anything though and the base is painted. Basically, I'm just wondering how to tell if it's authentic or worth anything. it's really very detailed and pretty.

Fair