Thank you for submitting your item for appraisal. This appears to be an italian alabaster Madonna and child statuette, possibly dating to the 17th century. It originally was made for a small house altar in a rural area, perhaps Sicilly?
Alabaster is a very soft and easy to work on material, you can scratch it with your fingernail and it feels "warm" compared to marble. The estimate is based on similar offered or sold at auction