This is a marriage of pieces that were assembled together as a decorative wall art piece. The vertical panel frame is antique, early 20th century, from just around 1920. The color lithograph illustration of a woman from the Edwardian period may be a period original that was cut out from an advertisement, or a printed reproduction. The eyelet lace textile was laid as a backing for mounting the color lithograph and the framing was completed at Michael's, a chain craft store with a framing department. The estimate is based on actual recent past recorded auction sales of comparables. Retail 'asking prices' can be higher and vary.