This is probably an early 16th century chair, and so of the same historical period as that when Erasmus of Rotterdam stayed in Queens’ College.
However, we can offer no evidence as to (a) whether Erasmus himself ever used this chair, (b) how the name of the chair might have originated, (c) when the chair arrived in college. We know nothing of its history.
1934: The Turned Chair Problem: II — Chairs with four legs, by Frank Davis, in Illustrated London News, 1934 Dec 15, p. 1026. (ISSN 0019-2422)