Thank you for submitting your item for appraisal. These appear to be carved Taoist statues in polychromed wood with a carved out hole for a prayer scroll at the back. The statues are of quite recent production and might have been produced for a provinical temple or for the market of decorative home decor items. The estimate is based on similar items offered or sold at auction. "Asking prices" in the trade can be higher and vary.