Thank you for submitting your item for appraisal. This appears to be an Ushak or Oushak rug from Anatolia, the border ornament is quite distinctive. The center field is decorated with geometric medaillons on a blue and red ground. Rugs from this area are collectible, but prices have seen a downturn in recent years. The estimate given is based on recent auction results for similars. The current political situation might lead to lower supply and increase in prices.