This 3 colour brass statue represents Siddhartha Gautama, the founder of Buddhism, also called the Supreme Buddha or Sakyamuni.
Characteristically, the Buddha sits upright in lotus posture, with his legs crossed and his eyes half-closed, exhibiting the samadhi mudra. His two palms are folded face up, one on top of the other, lying on his lap. This posture reflects the quality of compassion and is associated with establishing and maintaining Sangha, the Buddhist community.
Often the meditating Buddha is sitting on a lotus flower. In Buddhism the lotus represents spiritual purity. Hence the lotus flower on which the meditating Buddha is positioned symbolizes his divine birth and his perfected spiritual state.