Lot Essay
An almost identical example to the netsuke by Kigyoku is illustrated in George Lazarnick, Netsuke and Inro Artists and How to Read Their Signatures (Honolulu, 1982), part I, p. 613. Another similar example in the Behrens Collection shows Shoki looking down the well at an oni forming the ojime and attached to the cord.1
1 Glendining and Co., auction catalogue of the W.L. Behrens Collection [by H.L. Joly], pt. 1. Netsuke (London, 1912), no 4765