This is a vintage 3rd quarter 20th century butterfly wing back, button tufted Victorian style settee or sofa that was produced in Montgomery, Alabama by the Victorian Furniture Corporation. The company is still in business to this day and their settee furniture retails for $1000 - $1500 new on average. The Victorian furniture market is currently slumped. Pieces, even the original period pieces, do not sell for what they used to sell for a few decades ago. The market was further impacted by the Recession. The estimate is based on actual recent past recorded auction sales of comparables.