Yes, you are seeing what you think you see. This is a life-size wall-mounted human clown head rendered in living 3-D color in plaster - right down to his cherry red, gingivitis ridden, flesh-toned gums. Maybe mom had him in the house as a reminder to always floss!
Even the turquoise eye-shadow doesn't soften up the effect of this over-the-top piece of vintage clown-foolery.
This is one of those "TMI" moments in art when a little (lot) more should have been left to our imaginations.
Nighty-Nite clown-o-phobes everywhere. Sleep tight and don't let the Bozos bite!