Important Chinese Carved Zitan Shadakshari Deity

17th or 18th century; exquisitely carved and gilded Shadakshari Avalokitesvara, the Buddha of Mercy seated on double lotus contemplating the fate of humanity, usually depicted as seated friendly spirit whose mission is to help mankind by bringing him away from materialism and self centeredness,12 1/2 in. H. Acquired by consignor from Xanadu Galleries, Marsha Vargas collection, San Francisco, California.
Condition Report: Additional comments added on 3/11/19: Natural wood splits, mostly on verso, fine example Age appropriate wear and gilt loss, no repairs