It's supposedly made from 1000 swords. Except, Martin himself said it looks pitifully small, making producers insert the line it's actually made from 200 swords. Here's how GRRM imagines it:
The problem? It makes no fucking sense whatsoever.
Let's see. There's about 2 kg of steel in good, big sword. It means thousand of them will weight about two tons. Volume of two tons of steel? ~0.25 m³. Volume of Iron Throne? When you look at it from the side and compare it to Ned, who is pretty tall, it's at least 2 m³. Making it 87.5% air (barely reasonable, there is bound to be a lot of gaps between swords, but it starts approaching foam densities). Even tiny 1 m³ estimate means 75% of it are empty spaces.
Now think about 200 swords. 2 kg per sword is actually overestimation, but let's keep it to be conservative. 400 kg of steel is plate 1x1 m, 5 cm thick. Look at that number and tell me with straight face you can make something approaching TV Throne that won't look like an eggshell.
As for the painting - that monstrosity has at least 20 m³ (actually looks like 50, but we're trying to be conservative). Let's assume superior Westerosi technology makes steel as good as aerogel, 98% air. The problem? 20 m³ of steel is 160 tons, 2% of it is still 3.2 tons. Meaning, you need 1600 swords minimum using NASA technology.
If we use 87.5% number from above, you need 40.000 swords. Again, using drastically optimistic weight, volume, and durability assumptions. Something that empty would leak light like a sieve, not dramatically block it. In fact, I tried to use realistic numbers, and come up with 1.2 million swords needed to make what GRRM dubs "good" Iron Trone.
Then there is the fact that surface flame welding just doesn't produce good connections, even with dragon flame. TV Throne is reasonable - interleaved swords with some used to reinforce and tie together the construction. It definitely could hold a human, and, seeing it's bottom heavy, would be stable. Painting one? I am sorry, that mess would disintegrate in seconds, raining swords all around and ending Targaryen dynasty right there.
Also, work time. 59 days? I am sorry, what they did for so long? Freshly forged all the swords? The throne looks like it took week, tops, with breaks, unless GRRM really says dragons can melt hundreds of tons of steel for two months straight so it could be worked upon. By Targaryen smiths, no less, seeing normal blacksmith would be cooked by that much steel heated to glow in seconds. Huh?
Conclusion: there is rule of cool, and there is Star Trek writers math literacy level (see also Wall, Harrenhall, and several other quite damning pieces for other examples).

