Yes it is disappointing but they made quite a few of these in different styles during what we call the Hollywood Regency period (late 30`s and 40`s) !! I call it the Bette Davis period !! To restore the chair would cost much more than the value !! As a general rule 40`s furniture is not very popular from a sales aspect !! There are exceptions,, so keep in mind that I am speaking broadly !! Would take a certain type home/room/decor for your chair to look good in !! Sorry for your disappointment !!
Since you are thinking of selling,,ask the person what they are willing to pay for it,,could be more than what I said !! That would be fair either way,, or just ask $150. and deal from that amount !! Shops usually have an asking price and then,,a taking price ,, you can as well !!