The Reading Eagle of Reading, PA is reporting that a Chelaberd Kazak rug sold at Freeman's Auction in Philadelphia for a world record price of $341,625. This came as a bit of a surprise in that the rug was estimated to sell for between $15,000 and $25,000. OK Maybe “a bit” of a surprise is an understatement since it sold for almost 14 times its estimated worth. This also garnered the auction house over $40,000 in “buyer's fee(s)”. Once again “a bit” of a surprise in that they should have been expecting less than $5,000. So it looks like everyone is happy. Or we hope everyone is…If the buyer doesn’t really love area rugs they could be suffering from “a bit” of buyers remorse.
Update: 1/24/07 I found a picture of the rug in the Maine Antique Digest.
Thursday, January 11, 2007
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2 comments:
Great post. The Chelaberd Kazak was the most expensive rug of it's kind. The world record for a rug is a Silk Isfahan sold by Christie's, which of course made it into the 2008 top ten most expensive rugs:
http://www.rugrag.com/post/Top-10-Persian-Rugs-and-Oriental-Carpets-Prices-of-2008.aspx
Wow it is unbelievable cost of any rug....but amazing...
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