What is believed to be the purpose of the woman from willendorf?

The Woman of Willendorf, was carved of limestone and colored red with orche, in 30,000 - 25,000 BC. Archeologists have interpreted this statue in many different ways. The first hypothesis was that the figure was that it could be a "Venus figure" or "goddess" used to symbolize fertility. A second theory is that the statue was used as a good luck charm, because it was small, archeologists believe it was carried by men, on their hunting trips.

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The answer is all of the above.