The image displays a hand-carved wooden statue known as a Thai Sawasdee Lady. 

Meaning:

"Sawasdee" (pronounced "sah-wah-dee") means "Hello" or "Welcome" in Thai. 

The statue depicts a lady with hands clasped in the traditional "Wai" position, a gesture of respect and welcome in Thai culture. 

These statues are traditionally placed near the front door of homes or businesses in Thailand to offer a welcoming gesture to guests and bring good luck. 

It is hand-carved from from teak wood and is adorned with colorful decorations  and mirror inlaid.