Antique Portrait of a Dwarf Oil Painting

"Good Time" an oil Painting on board by the German artist Kurt Koch depicting a dwarf dressed in 17th century costume sitting near a table smoking a pipe and with a glass of wine and a pitcher on top. The painting is signed by the artist in the upper left corner and also on the back of the board and dated 54 (Most likely 1954).
Condition: The painting is in very good condition with no restorations or repairs. The painting comes with a nice gilt and ornamented antique frame.
Dimensions including the frame 40 cm x 38,3 cm (15 in x 15 3/4 in).