Hello, this item is a cast metal statue of the Buddha in seated meditation posture, wearing flowing robes and resting on a lotus pedestal. Based on the gilded surface and casting style, it is most likely made of brass or bronze with a thin applied gold-colored finish. The hollow base shows red lacquer-like marks, which are commonly seen in ritual Buddhist statuary from Southeast Asia, particularly Thailand or Vietnam, rather than Nepal or Tibet. The general form and details suggest it was produced during the mid-20th century, probably as a devotional or export piece rather than an antique temple statue.

In the current market, statues of this type are widely collected but their value depends heavily on confirmed age, region, and quality of casting. Given its size (10.5 inches tall), hollow construction, and finish, this example would be classified as a vintage mid-20th century Southeast Asian Buddha image rather than a rare antique. At auction or gallery resale, similar statues usually achieve between 200 and 400 USD, with higher prices possible for documented provenance or finer craftsmanship.