Hello, this item is a very large hand-worked needlepoint carpet or tapestry composed of multiple square panels with floral, bird, and decorative vignette motifs, most likely a mid-20th century decorative furnishing textile rather than an antique European tapestry. The grid construction, pale ground, repeated small botanical panels, and border of embroidered flowers are consistent with custom interior needlepoint work produced for domestic decorative use, especially in the 1940s to 1960s. The reported 1960 purchase from a 5th Avenue New York interior designer supports this date and market context, but it does not indicate an earlier antique origin. The piece is substantial in scale at 15.8 x 16.5 feet, and its hand-crafted nature gives it decorative value, especially for a large room, hotel-style interior, or traditional design scheme.

Condition appears good from the photographs, with visible clean stitching, intact panel divisions, and some age toning to the backing and edges. The two repaired panels should be disclosed, but expert repairs are acceptable on a textile of this size and do not seriously reduce decorative value if the surface remains visually coherent. The market for large needlepoint carpets and tapestry-style floor or wall textiles is selective because of size, shipping, and installation needs, but quality mid-century examples can still perform well when clean, usable, and decorative. Based on current decorative textile market comparisons, the fair market value is approximately $1,500 - $3,500 USD.