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Your item is a Vintage Karastan Floral Kirman rug, which is a machine-made wool rug inspired by traditional Persian Kirman designs. Karastan, an American manufacturer, is well known for producing high-quality rugs that replicate hand-knotted Persian styles through innovative weaving techniques developed in the early 20th century. Their rugs are often highly sought after due to their durability, intricate floral patterns, and historical significance in the American textile industry. The floral Kirman design features elaborate scrolling vines, central medallions, and harmonious color palettes, making it a timeless decorative piece.

In terms of condition, your rug shows signs of wear, particularly tattered edges, but still retains a relatively fresh appearance, which can affect its market value. The size of 12x10 feet is a desirable dimension for large living spaces, increasing its potential appeal to buyers. Collectors and interior designers appreciate Karastan rugs for their quality craftsmanship, and those in good condition can fetch respectable prices on the resale market.