Corner chairs of this type tend to be Continental late Victorian examples, based on the Renaissance Revival and Baroque styles. They tend to be a mix of hand and machine carving, most made circa 1880-1914. Most are either walnut or mahogany, two of the main hardwoods used during this period. While not mass produced in the modern sense of the term, they were made in large numbers until World War One. Because of the carving is in Renaissance or Baroque styling, these pieces always look far older than they really are, very few like this one predate the 1840's.
Carved pieces expose a lot of cross grain, which makes them very prone to damage from swings in humidity from damp to dry, and extreme temperatures, which causes cracking and warping. Such pieces should not be stored in damp or very dry conditions, regular polishing will slow down the seasonal expansion and contraction in the wood and prevent such damage from occurring. In terms of value, demand for chairs like this peaked in the 1990's, along with fad for Victorian style decorating, values and demand for pieces in this style have declined considerably since then. In the current market at Auction a chair comparable to this one would sell in the range.