Thank you for submitting your item for appraisal. This appears to be a chinese first half 20th century carved rosewood Shou Lao Statue. Shou Lao is the reprensation of the god of longevity, he holds a peach in his hand and his head is of peach shape. By common folk belief the peach is a fruit of immortality. These statues are quite popular and also very common. The estimate is based on similar sold or offered at auction.