This is an early 20th century, about 1930's - 1950's, Duncan Phyfe Revival style sofa. Duncan Phyfe sofas or couches were popular in the 1st half of the 19th century during the Victorian era. There was a renewed interest in this style as a design decor element in homes in the 20th century. The reeding, cross-hatching and molded floral design on this indicate this is a 20th century revival style piece. The Victorian furniture market is currently slumped. Pieces, even the original period pieces, do not sell for what they used to sell for a few decades ago. The market was further impacted by the Recession. The estimate is based on actual recent past recorded auction sales of comparables. Retail 'asking prices' can be higher and vary.