Thank you for submitting your item for appraisal. This appears to be an indo persian rug of recent production. During the past few years the general taste shifted and rugs are less in demand than a quarter of a century ago. The general quality and condition of the rug in your possession is good, but the demand for rugs is currently very low. The estimate is based on similar rugs sold recently at auction. "Asking prices" in the trade can be higher and vary.