The fabric is Dwell ( from Joanns, I think I got 8yds for $105...so I saved over $100 on it, I have a ton left over. )
The wingback settee was $15 on Craigslist
The new foam was $30
If you are wanting to attempt such a project...
This type of staple remover will be your bff...
Also, if you can, get an electric staple gun
If you're serious about this project, buy this book: ( has step by step and pics )
I used the trace and cut method, as opposed to ripping everything to shreds and starting from scratch. So the best advice from me, is to draw a big letter on every piece of fabric with a sharpie marker and take a picture of all sides, and draw it out. ...this is amateur sketch from another chair I'm workin on..
This way you know exactly where each piece goes and you can trace it onto your new fabric :)