Statues

Statues are decorative items that can be placed as furniture. Some of them are also mechanisms and will have an effect when connected to wires and activated.

Statues can be obtained in different ways, they can be found in chests or you can find them already placed, most common in the world's dungeon or deeper caves, often times in or near natural glowing mushroom biomes or natural underground wooden structures. To pick up a statue, a Hammer must be used, similar to the way other furniture is removed or picked up.

Statues with a function
No monsters spawned will drop coins. The exception being the bunnies and goldfish during a blood moon or when hit with Vile Powder, as they change instantly into their corrupt versions (corrupt bunny and corrupt goldfish), and no longer count as spawned. Thereby during a blood moon you can still farm money by exploiting this.

Create items

 * The Bomb Statue creates a bomb.
 * The Heart Statue creates a heart.
 * The Star Statue creates a star.

Some drop from spawned mobs

 * The Slime Statue spawns a blue slime (gel).
 * The Fish Statue spawns a goldfish (goldfish).
 * The Skeleton Statue spawns a skeleton (hook).
 * The Jellyfish Statue spawns a jellyfish (glowstick).
 * The Piranha Statue spawns a piranha (hook, Robot Hat).
 * The Bunny Statue spawns a corrupt bunny during a blood moon (Bunny Hood).

No drop from spawned mobs

 * The Bunny Statue spawns a bunny.
 * The Bat Statue spawns a bat.
 * The Bird Statue spawns a bird.
 * The Chest Statue spawns a mimic.
 * The Crab Statue spawns a crab.

NPC Teleport

 * The King Statue teleports a random male NPC to the statue's place.
 * The Queen Statue teleports a random female NPC to the statue's place.

Statues without a known function
The Angel, Anvil, Armor, Axe, Boomerang, Boot, Bow, Corrupt, Cross, Eyeball, Gargoyle, Gloom, Goblin, Hammer, Hornet, Imp, Mushroom, Pickaxe, Pillar, Pot, Potion, Reaper, Shield, Spear, Sunflower, Sword, Tree, and Woman statues seem to do nothing.