As Alexander the Great is represented with a similar elephant skin on coins minted by Ptolemy I of Egypt, this statuette may represent Alexander as ruler of Egypt. This figure has also been identified as Demetrios I of Bactria, who is represented on coins wearing the scalp of an elephant in recognition of his conquests in India. Its monumental quality may signify that it reflects a famous large-scale equestrian statue.
The met.
https://lemmy.dbzer0.com/post/56680255
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