What a lovely rustic but classy portrait!
What I love about the setup, if it even was staged, is that it looks so natural. The newspaper and liquor and piano are so conveniently placed in the background but they don't insist upon themselves to be the center of attention. They leave the main subject to the spotlight.
I like even more the natural lighting on the subject versus the warm glow of the background.
This portrait makes the subject seem like an ordinary man, being sat upon rustic wood, but he is still refined in his tastes and education.
Of course the smoke from the cigar gives a lovely dimension to the piece as well.