Hello, this item is a hand-knotted Iranian wool rug measuring approximately 5 x 8 feet, with a central medallion design, floral arabesques, and a light ivory field accented in blue, brown, beige, and soft turquoise tones. The pattern is consistent with Persian workshop production, likely in the Nain or Nain-style tradition, rather than a tribal or village rug. The label indicating “Made in Iran,” the wool pile, the tight floral layout, and the balanced formal composition support an Iranian origin, most likely dating to the late 20th century. The rug was purchased at auction in 2005, and its style was commonly exported for the Western decorative market during the second half of the 20th century.

The rug appears to be in good usable condition from the photographs, with intact binding, visible fringe wear, and no major losses or structural damage apparent. Its value depends on knot density, whether it includes silk highlights, pile condition, staining, and overall wear, but 5 x 8 Iranian wool rugs of this type generally remain moderately valued in the secondary market unless they are very fine workshop pieces. The decorative palette and usable size make it attractive for home furnishing, but demand for later Persian wool rugs is currently selective. Based on the photographs, size, condition, and current market demand, the fair market value is $300 to $700 USD.