Thank you for submitting your item for appraisal. This appears to be a bronze or pot metal statue, representing the young Indra, ornately decorated with crown and ornaments, sitting in relaxed posture, commonly referred to as Mahārājalīlāsana. His right hand rests languidly on the right knee, while the left is placed on the ground behind him. The statue in your possession is partly polished to enhance or accentuate the ornaments. Such statues are being produced in Nepal today. The estimate is based on similar sold at auctions, prices in the trade are approximately double the high estimate at the moment.