Thank you for submitting your item for appraisal. This appears to be a last quarter 20th century persian kerman style rug. The central red field is beautifully decorated with arabesques of flowers and foliage. The broad border is decorated with similar motifs on a beige ground. The estimate is based on recent auction results. Prices for oriental rugs are pretty low right now. "Asking prices" in the trade can be much higher and vary.