Thank you for submitting your item for appraisal. This appears to be a recent chinese copy after the famous painting by Pierre-Auguste Cot. There are hundreds of companies in Dafen, China were you can order identical reproductions for less than 100 USD including shipping. The ornate modern gesso frame must have been rather expensive. The estimate is based on similar home decor art offered or sold at auction. Retail prices are ususally higher and can vary.