You don't have to spend a lot of money to transform a piece of furniture. All you need is a willingness to dig around in antique stores or flea markets and a little elbow grease.
I purchased this loveseat (I say "loveseat," you say "settee") at an antique store for about $60. The woven cane back was a shabby tan before but I spray painted it gold. Spray paint can be used for so many projects and comes in great colors! I've used it to paint our outdoor wrought iron railing, our mailbox, wicker outdoor furniture and more. You can even get chalkboard paint that you can spray right onto your wall!
I also gave the arms and legs a lift by first painting them gold with a brush, after lightly sanding. Over top of that I painted everything a dark umber color. In between those two steps I rubbed certain areas with wax, areas where wear and tear is likely to occur and where I wanted the gold to pop. After the top coat of paint, I then lightly sanded the waxed areas and ta-da! The gold glittered through the brown. To finish I put a sealer on the wood.
A few yards of relatively inexpensive fabric took the bench from blah to wow, with the help of two pillows in a coordinating fabric and fringe trim.