Thank you for submitting your item for appraisal. This appears to be a vintage hand-knotted Persian Mir-a-Boteh rug, showing clear signs of use. The prices for rugs in general are pretty low at the moment. Those who would like to buy can chose from a huge selection of similar rugs in excellent condition. I am afraid to say that any restoration would be to expensive. This rug has a sentimental value only unforturnately.