It looks like a cheap Asian import and if so, IMO, shouldn't see the back of a horse. I would pay $25 if I needed a decoration for my daughter's room, $75 max. You overpaid if you bought it for $300 (and it's a no-name saddle or other "branded" Asian import). I can get those kind of saddle new, minus fittings, for $90 from a local tack shop. Their leather is slightly more stiff looking on the flaps, but the seat and knee pad leather is the same.
Also, black AP saddles have a very low resale value.