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At first I thought this could be Jigme Lingpa, who's is often depicted with this typical shape of eyebrows and this style of facial hair. But on a second look, I'm pretty sure this is obviously Padmasambhava or Guru Rinpoche, the founder of Tibetan Buddhism himself, thanks to the unmistakable hat, the dress with epaulets, as well as the ritual objects he holds.
According to a traditional iconographic description,
...he is white in colour with a reddish hue, one face adorned with a moustache and goatee, the right hand holds to the heart an upright gold vajra. The left hand placed in the lap holds a white skullcup filled with nectar, jewels and a long-life vase. The ornate katvanga staff of a Vajrayana mendicant decorated with streamers rests against the left shoulder. Adorned with gold earrings and necklaces, the head is covered with a lotus hat, a gift of the King of Zahor, of silk brocade topped with a half-vajra and a single vulture feather. Attired in various robes of different colours reflecting the disciplines of the Vinaya, Bodhisattva and Mantra Vehicles, he sits atop a sun and moon disc above a lotus blossom rising from the blue waters of Dhanakosha lake.
You can see the ring for the staff on your copy, while the staff itself seems to have been lost.
Here, Padmasambhava can be seen in his most well known representation. His eyes are open in a piercing gaze; his face is wrathful and smiling, blazing magnificently with mysterious power. He cradles a khatvanga in his left arm, representing his consort Mandarava, who arouses realization of emptiness. His khatvanga is crowned with three severed heads and a trident, symbolizing Padmasambhava's liberation from the three kayas of desire, form and formlessness.
He wears a lotus hat ornamented with a sun and moon, representing skillful means and wisdom. His hat also has a vajra top, symbolizing his unshakable samadhi, and is crowned with a vulture feather, representing his realization of the highest view. In his right hand he holds a vajra, an implement used in Tantric ritual to symbolize the union of conventional and ultimate truth. His left hand rests in his lap in the gesture of meditation (Dhyana Mudra) and holds a skull cup containing the vase of immortality. The vase is filled with the nectar of deathless wisdom and is adorned with leaves of a sacred flowering tree.