Wow, that looks pretty rough! Could be the pics?
I know older Winchesters can bring top dollar, but like anything collectible, condition is everything.
The top pic looks like there might be a gouge out of the fore stock near the rear sight. If that's so, then that would be another ding on price. What does the bore look like? Do the screws and all other components look original? It looks original to me wear wise.
Best guess: maybe $200 to the right person wanting a beater deer rifle. That's with a nice bore with plenty of rifling remaining. Maybe $250-350 to a Winchester collector willing to take a chance on a restoration project and who wants a "shooter".
I might be off base here (Winchester collectors please correct me if I am), but I wouldn't personally consider that rifle anything other than a beater/shooter, rather than a collectible item. Winchester '94's tend to bring a little more than Marlins do, but the gap is narrowing. I've seen several 94's in local gun stores recently and all were in much better condition and all except one were priced under $400. The one exception was a minty .357 mag "Legacy" model and it was $750.
Good luck!