This has a thin plywood backing with a dark stain. The molding is
something I picked up at Home Depot. It is stained with a light stain.
The Pegasus design is made from thick plywood. Each horse was cut out
with a scroll saw. They were then glued and screwed to the backing.
Only the light colored Pegasus is made from plywood. The dark color
Pegasus comes from the void between the light colored pieces.