Small woodcarvings of every sort are widely available in Ubud, Tegallalang, Pujung, Nyuh Kuning, Mas, Teges, and in abundance at the Sukawati art market, about twenty minutes south of Ubud. You can get pieces in naturally-finished woods representing animals, religious figures, people and so forth. Some woodcarvings are art, and others are simply craft.
One word of warning to craft-shoppers. Prices are usually very, very flexible. Be prepared to bargain. But always be polite. Some merchants are firm about prices, and rightly so. A final word of warning. Tour companies, drivers and guides are given large commissions for bringing buyers to art shops, and the cost of the commission is tacked onto the price you pay. So if you want the best price, go on your own, or choose a driver or guide who agrees to take you shopping without chasing commissions
Carvings...sculptures can be found all around Ubud. There are many wood carvings of animals, human performing rituals, well carved masks and carvings related to Buddhist and Hinduism. Some were really unique n weird looking. Prices quite reasonable.
There're plenty of shops in Ubud town that sell wood carvings. You can also find the similar wood carvings at Pasar Ubud which I believe sell them at a more reasonable price than the shops outside. However, if you walk around...n found workshop of wood carvings...you can get them at a more reasonable price there.
I never really like carvings...but after seeing so many weird and unique looking wood carvings here in Ubud...I've started to like it. They would make nice decorative items. They're are sold abundance here with a really reasonable price.