The item above is a Grumman pencil sharpener made in China. It is larger than the Play Art toy, about the same size as the Maisto Tailwinds version. It is painted dark blue with plastic stickers.
Most of these cheap pencil sharpeners I see have an "antique bronze" finish. I have two funky Hong Kong biplanes from Woolworth back in the 80s but a wide variety appears available on line. Some are similar to the High Speed Wondrie planes, while others are more like the funny National Geographic set from several years back that included the misshapen B-17 and the Bell X-1.