We've stayed at Pertewi and Barong. Both great for the money. They are easy walking distance to the monkey forest. I love the monkey forest. Go early before the crowds get there and the monkeys are stuffed. Explore all the areas.
We've bought several wood carvings. I think the big pricey place is Manis, but you can negotiate 60% off and free shipping to the States. Tell them you are an Aussie and they will negotiate more off. We've developed a taste for the wood carvings. I love the Hibiscus stuff.
Met the owners of Big Mango furniture store of Dallas while dining at Wayan restaurant (highly recommended). They do 2 or 3 trips each year to buy containers of product.
To quote Terrell Owens PR rep and decorator, "I love the art from Bali, but I've always loved Mediterranean stuff."