The appraised work appears to be a hand-knotted silk Isfahan rug with polychrome floral medallions on a pink field with shah abbas motifs within three stylized foliate borders and fringe edges. The estimate provided is based on comparables recently offered and sold at auction. The rug's size, complexity, material, condition (based on photographs provided), as well as the overall market for similar rugs was taken into consideration when determining the estimate. In many cases, pricing for similar examples available on the primary (retail) market vary, and are often higher than secondary (auction) market examples.