Thank you for contacting Mearto with your appraisal inquiry. Based on the photographs and description provided, the subject of this appraisal is a Victor Talking Machine Model VV-X in the model's enclosed floor configuration, circa 1915 based on dating of its serial number, 123470. The piece appears in good used condition from photographic examination.

According to the current owner, the piece was acquired via inheritance. The Model VV-X was a popular model and had high production numbers in its day, with over 570,000 produced between the tabletop and cabinet versions.

In traditional auction settings over the past five years, pieces in condition similar to this tend to fall in the $100 to $150 range. In online auction settings such as eBay with more recent sales data, prices tend to fall toward the higher end of that spectrum, with one recorded sale in March 2020 hitting $140. In consideration of the factors noted, a Fair Market Value (pre-auction estimate) of this piece would be estimated at $100 to $150.