The Rug Market is on its height

June 28, 2012 - PRLog -- Some of the most desirable masterpieces these days are the ones on the floor. The race for the world's top antique rugs collection is on high.

Oriental rugs that were once the obsession of Ottoman sultans, European nobles and American robber barons, rarely topped $2 million a decade ago, now these centuries-old rugs commonly known as antique oriental rugs  from Turkey, Iran, and the Caucasus are commanding sums.

A new research carried out lately proved that trend of reserving antique rugs as masterpiece has taken on the flight. The wealthy has been collecting Oriental rugs for centuries as embellishments for their interiors but these days top antique rugs are being sold more like works of art than pieces of décor.

“Rugs are typically classified by the circumstances in which they were created—hand-woven by tribal nomads, crafted in a village or city, or woven on looms in a royal workshop—and prices tend to rise along the same lines”, according to Jon Thompson, a British rug scholar. Those woven by tribes or in villages are on the lower end of the scale, commanding prices anywhere from $2,500 to $300,000. Persian court rugs made in royal workshops during the 15th and 16th centuries and featuring pastel, botanical designs, are particularly popular with collectors of Impressionist art, and their prices have been soaring into the millions.

Some high-end rug dealers even eschew the retail system of pricing by the square foot, because their collectors will pay higher prices for small prayer rugs and rare rug fragments than for palatial floor coverings. In recent months, sales have been slower for pieces that are frayed or of mediocre quality, but values have climbed sharply for the best surviving examples, according to appraisers and auction records and it has been believed that market will rise more in the coming months.

Proud to carry on a multigenerational family trade, AntiqueRugBuyers.com has been a unique endeavor that buys antique rugs from a diverse range of clients including private individuals, interior designers, architects, dealers, collectors and international institutions. They seek for antique rugs and tapestries, historical rugs and period pieces for a premium price.


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