Well I think I have found the answer while looking in the mirror one day.
Yes! They do exist!
On this page you will find the Ultimate Proof. Be prepared ... it's very scary.
Luckily for all you mortals, Elves seem to exist as well and the two races seem to balance each other out like Reebo and Zooty.
Here's a page dedicated to the Artist John Bauer, with some of his pictures. A small biography will soon follow.