This chair must be valuable—despite its, ah, drop seat. My University Heights neighbors typically put out giveaways in alleys, but the claimed antique was on a street corner—Georgia and Meade. Hey, that’s the same intersection where my wife found an ugly art print facedown in the street.
The sign rightly says “Needs Work” but not outside the realm of straightforward repairability. The otherwise good condition makes me suspect the claimed vintage.