Found new owner
The next Larsen was called Nils (Ole Larsen's son). And, seemingly, he was the adherent of another business approach therefore he performed the acquisition of Georg Jensen factory, and with hope for successful sales - he did reorientation to more democratic pipes. That eventually was not the best way: the pipe business was acquired by Stanwell, and the tobacco shop was officially closed on December 31, 2004.
Our today's freehand pipe was made in 1970s (judging from its style and condition) most likely by Tonni Nielsen. The pipe markings are "W.O.LARSEN \ HANDMADE \ MADE IN DENMARK". The length is 13.7 cm, bowl's hight is 5.0 cm. External and internal diameters of the bowl are 3.1 cm and 2.2 cm. The depth is 4.1 cm and this pipe weights 39 gr. Briar, vulcanite stem, no filter.