Hi Michelle,

Thank you for contacting Mearto with your appraisal inquiry.
Hummel figures were incredibly popular among collectors in the 1950s-1990s and there are a lot of them on the market, unfortunately with less demand than supply so it is quite rare for individual pieces to be worth more than $5-50 each, at auction. The value can occasionally be boosted if the piece retains its original factory packaging.
Based on the photos and information provided, and subject to examination, this is:

A vintage MI Hummel painted porcelain collectible "Latest News" figurine
made by Wm Goebel, West Germany, bearing the underglaze blue TMK-3 / "Stylized Bee Mark" in use from 1960 to 1972.
Depicting a young boy seated on a stool reading the Munchener Presse' back of square plinth incised "MJ Hummel."
4 inches high, 2 inches wide
CONDITION: appears to be in good condition; value assumes no chips, cracks, repairs or losses.
PROVENANCE: inherited
$40-60*
*represents a fair-market value for auction purposes; retail or asking price may vary.

Please let us know if you have additional items to appraise, and thank you again for using Mearto.