Posts Tagged‘rug’

The investment case for antique and modern rugs

Rugs are not just a perfect complement to internal décor; they are also a very big business. To give some idea of the scale of money that changes hands in the rug trade one has only to looks at examples such as modern auctions and export data of the countries known for rug making. A Sotheby’s of New York auction sold a rug with a final price of 33.8 million dollars. Figures available from recent years show Iran as earning over 500 million dollars annually from the export of rugs. This gives some idea of the demand for fine rugs.…