Thank you for contacting Mearto with your appraisal inquiry.

The item appraised is a wool (possibly wool and silk blend) machine-made Persian Heriz rug. It was likely produced in the first half of the 20th century and imported to Lebanon. The rug has the typical large center medallion and is flanked by corner pieces, all set within multiple borders. The rug market is and has been depressed for some time, with high value rugs being a rarity, and typically rugs that are hand-made and were made prior to the 20th century. The estimate is for auction. Retail prices vary and are often 5x or more higher than auction.

Kind regards,
Corey