An inflatable art piece that made a grand entrance at the Sydney Olympics in 2000 and then vanished has now reappeared in an art exhibition in rural NSW.

Two-time Archibald finalist and creator of iconic surf brand Mambo, Reg Mombassa's skeleton fish motif was part of the parade during the closing ceremony of the Sydney Olympics but for the next 23 years, the whereabouts of the inflatable were unknown.

That is, until artist and director of Coonabarabran's Space Art Gallery Allison Reynolds made a rare discovery at an online auction two years ago.

Ms Reynolds had an inkling who the artist behind the fish with its supersized tongue and distinctive lips was and obtained the art piece for $250 — including shipping.

She said the fish was alongside big sale signs, inflatable stick figures an

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