Hello, this item is a Persian prayer rug, measuring approximately 25 x 12.5 inches, acquired in Iran between 1954 and 1960. It features a traditional mihrab (prayer niche) design, with a richly detailed red, black, and cream color palette, floral motifs, and a symmetrical central field, characteristic of mid-20th-century Persian workshop production. Notably, it has remained in perfect, unused condition — a rare feature that enhances both its collectible and decorative value.

Given its vintage (circa 1950s), excellent preservation, and provenance, the estimated market value for this piece ranges between $400 and $700 USD. While older or rare tribal prayer rugs can command significantly higher prices, mid-century examples like this one — especially if unsigned and relatively small — are most sought after by collectors for their craftsmanship and condition. For the best resale or insurance value, keeping documentation of provenance and ensuring it remains unused and well-stored is highly recommended.