This item is new but was stored in my neighbors garage for like 50 years. It was likely carved in 70's and is a figurine of Budai. Buddhist figure Budai is a revered Buddhist figure and symbol of compassion, happiness, and good fortune. He is also known as the Laughing Buddha or Fat Buddha. Budai is often depicted as a round, jolly monk with a big smile, carrying a bag of treasures. He is believed to be the incarnation of Maitreya, the future Buddha. Budai's image is prominent in Chinese culture, especially during celebrations and festivals. A beautiful green color and a medium stain on the wooden base. I have a few of these and would make a wonderful Holiday gift. Antique Old Estate 3 1/2” Soapstone Seated Laughing Buddha