Thank you for submitting your item for appraisal. This appears to be a persian last quarter 20th century Mashad rug from North-East Iran. Dark red, dark blue and khaki-umbra green are the typical colours that can be found in these rugs. A single central medallion, floral design corners and the dark blue border are typical characteristics. The rug in your possession is of average quality. The estimate is based on similar rugs offered or sold at auction. "Asking prices" in the trade can be higher and vary.