It took me a while to figure out what this image was--I've seen it often with no identification attached--but it turns out it's a fountain in Westerland, the northern-most town on Sylt, itself the northern-most island off of Germany, in the Frisian Islands. Wilhelmine von Sylt--Wilhelmina from Sylt. The sculpture was created in 1980 by a local artist Ursula Hensel-Krüger (now deceased, I think) and is something of a central landmark in the tourist town. I don't know why she's wearing a hat, but I think she's hella cute. The artist said at Wilhelmine's unveiling:
Let us take a look around. How terribly serious we all are, how closed and embittered are our faces. I would like to give people their joy back. This round, buxom creature, who is at one with herself and with everything, smiles at you. Smile with her, you should, and you can!
thanks to HB for help with the translation! Oh, doth my German decay...