In Chinese culture, frogs and toads are commonly associated with fortune or prosperity. 

In this soapstone sculpture, Liu Hai, an immortal god of wealth who is often depicted holding a string of coins can be seen. He is accompanied by the three-legged money frog who legends say taught him the trick to immortality and how is a symbol of prosperity. 

The sculpture has a large abundance of red from the clothing to even the tint of the coins and some of the rocks he sits on top of. Being the color of festivity and celebration, this is in-keeping with the jolly expression that Liu Hai wears, contributing to the playful and festive aura. His posture also suggests that he is very relaxed, as the title suggests and his stance is also very playful, appearing almost as if he is dancing. Additionally, the wrinkles and folds in his robe arm give a sense of motion to the piece as if he is going to wave the string of coins.

The sculpture was likely used as a domestic ornament which would attract prosperity and fortune. As suggested by the inclusion of the toad who is a symbol of great prosperity coupled by the god of wealth smiling upon his admirers. 

From the collection of: The Met.