Beltrami made (out of thin paper or stiff or starched cloth not mentioned) a model of a surface of constant negative Gauss curvature $ K=-1/c^2$. The original might have resembled a large saddle shaped Pringles chip, and frills might have developed by sagging with time, if one were to make a guess.
Also it is now easy to guess that the mold he used had dimensions comparable to the length and breadth of the table on which this is/was placed. The narrow neck he obtained is/was by hand rolling to a tight paper scroll, imo.
Is there a higher definition photograph with more details available?
More importantly, does anyone know its modern day parametrization?
The original photograph is given on page 133 as Fig 56, Roberto Bonola Non-Euclidean Geometry, 1955 Edition, Dover, ISBN 0-486-60027-0. (Thanks in advance to anyone for scanning and posting it here).
The following is inserted from Daina Tamania's blog ( http://hyperbolic-crochet.blogspot.co.uk/2010/07/story-about-origins-of-model-of.html ):

It may be recalled all such shapes can be scrolled up tight somewhat like a table napkin rolled by hand into a smaller ring.. maintaing parallelsim among previous parallels due to isometry or contant $K$ property, into newer smaller scroll.
Here is a parametrization of the Pseudosphere:
$$ x (u,v) = a \frac {cos(v)}{cosh(u)} $$
$$ y (u,v) = a \frac {sin(v)}{cosh(u)} $$
$$ z(u,v) = a(u - tanh(u) ) $$
with $ v \in [0,2\pi) $ , $ u \in (-\infty, \infty) $
And, a useful link to the original model of Beltrami : http://www.mathcurve.com/surfaces/pseudosphere/pseudosphere.shtml
(bottom of page , on the right)