A NICOOo! (54 mm) from OlipmYa

OlimpYa Miniatures released new figurine:
A NICOOo!
Scale: 54 mm
Material: metal
Sculpted by Renato Benigna
Box art by Riccardo “Judas” Vandini

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Can anyone explain to me what this figure is about?

Highlighting outrageous knitwear and a terrible hairstyle ?

Seems that it is a character who is an undercover cop named Nico Giraldi, from a series of Italian comedy films from the 70s and 80s, played by the actor Tomas Milian.

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