My thoughts after seeing & hearing more B&B , is to suggest that it would be possible to repair this little item for a lower cost ; considering that there appears to have been chemical 'burning' during the last refinishing attempt which sounds as if may have added to loosing of its' joints (dissolved/penetrated the glue) , as well as various non-original repairs & such .... perhaps it might just be best to give it a finish like the one that was partially removed (white paint) , after glueing & screwing & filling & sand job .
It could also be given a 'shabby/chic' treatment (i.e. painted 'antiqueing') for the 'country-kitch-en' croud , or for use out on the porch .... @ least you'd have the satisfaction of making it usable again , with a value sim to what mart has stated !
That's just 2 cents worth from me .... I suspect that perhaps some 'big-uns' caused the breaks & such along its' way to now , or perhaps a gaggle of jumping kids ....
I'd say .... if you been aching for a project , you've got a bingo , BrianandBlanca !