I picked it up for $35 off of CL. I think this corner is a good place for it. I didn't realize how much space a chair and ottoman actually takes up. Design wise it seems that you need a lot of space for such setup. The ottoman and coffee table are always battling for space.
The art on the right side of the wall was done by Baby J. I found a cool MCM frame at a resale shop for about $3.50. The original lithograph in the frame was cool just not with my color scheme so instead of just letting Baby J paint right over it, I wrapped the original print with canvas primed it with a tinted primer, and then let him go at it. And when I later find that the original art is worth thousands I can just remove the new to reveal the old! :)