The most common and most likely answer to this crossword clue is the 8 letter word FIGURINE
I've seen this crossword clue in The Daily Telegraph
F
I
G
U
R
I
N
E
More clues leading to the result FIGURINE
- Reduced form of fruit waste
- Its leaf on wee statuette?
- Gunfire I redirected at idol
- Wee effigy — that’s wee from a tree?
- Soldier retreats to Ur breaking nice statuette
- Soldier going round ancient city breaks elegant statuette
- Soldier returning to old city is enthralled by exquisite bit of sculpture
- Ornament at home kept in shape
Buddy explains!

The straight part
We know that "bit of sculpture" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case bit of sculpture = figurine.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does FIGURINE mean?
FIGURINE noun- A small carved or molded figure; a statuette.