Whether or not you follow the Buddhist religion, you are probably familiar with the traditional image of the rotund, smiling Buddha. For Buddhists and non-Buddhists alike, statues of Buddha have become increasingly popular in recent years. The figures have taken up residence in homes all over America, instantly recognizable for their happy faces and round, sculpted forms.

In fact, while many people believe the fat and smiling image of Buddha represents the founder of the religion, this figure actually represents either Hotei, a 10th-century Buddhist monk known for his girth and his pleasant nature, or Maitreya, also called The Future Buddha. In addition to his large belly, Hotei frequently carries a fabric sack, which is meant to be permanently full of valuable items such as treats for children. As the patron of children in need, he is sometimes depicted with a group of children at his feet.

In contrast to the laughing Buddha, Gautama Buddha (founder of the Buddhist religion) was tall and had an athletic build. Statues of this Buddha, while perhaps less popular than the jolly Hotei or Maitreya, are still quite common. Gautama Buddha is typically depicted in a meditative pose with his legs crossed in the lotus style and a calm expression on his face.

Buddha statues can be made from a variety of materials, from precious metals like gold and silver to ceramic, glass or plastic. The value of a given statue, of course, will depend on where and when it was made, the artistry involved, the quality of materials, level of detail, and size. Buddha statues can make excellent collector's items, and tend to add warmth and personality to just about any setting.