This is an antique, later 19th century, Victorian era, oak wood platform rocker with turned wood stiles and arm rails, fretwork and chip carved elements. There is one rail on the seat back that is broken. The Victorian furniture market is currently slumped. Pieces, even the original period pieces, do not sell for what they used to sell for a few decades ago. The market was further impacted by the Recession. The estimate is based on actual recent past recorded auction sales of comparables. Retail 'asking prices' can be higher and vary.