Contact One of Our Rug Experts to Assist You in Choosing Investment Quality Antique Rugs
Investment Rugs – Today the new investment trend is toward hard commodities whose value has been demonstrated and stabilized over the long term. Within this climate antiques generally have assumed a new status and desirability as investments because they have weathered the test of time and taste so well, and because their rarity causes demand to become ever more competitive, which in turn makes their value escalate. In addition to their appeal as investments, antique carpets and other decorative furnishings remain what they have always been, objects of art that beautify the home as expressions of taste and sophistication.
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Investment rugs can come in any rug patterns, size, and origin as the only defining factor in investment quality rugs is desirability. This common characteristic can be seen in such rugs as this exemplary Cairene rug from the 16th century, this immaculate silk Tabriz rug, and this one-of-a-kind polychrome rendition of Persepolis by master weaver Aboul Ghasem Kermani.
Rug investment trends and trends in antique carpet investing
Rug Trends – I was asked by a young collector about recent rug trends in the antique rug industry and thought it would be nice to share some of my thoughts. It is my feeling that the wave of the future may just rest in the past. As a part of the antique rug trade for the last 12 years, I can’t help but fall in love with a new rug every single day. Rugs, tapestries and textiles of the late 19th century are some of the most beautiful / decorative art forms in the world, and there are days when I can’t help but feel like a kid in candy store. As the years go by, I tend to gravitate more towards the early rugs of the 16th and 17th centuries. Some of these early antique rugs are a true testament to the greatness of empires long forgotten.
It feels like no matter how omnipotent and grand the empire might have been (like the Safavid, Mamluk, Mughal and Ottoman) they were no match for the longevity of the art that they bestowed onto us all. Early rugs have a uniqueness that cannot be matched, and they are the best examples of the roots from which this whole industry eventually blossomed. More and more young collectors are turning away from the art world in favor of antique rugs. Economically, it makes a great amount of sense… if someone would like to acquire a painting by an old master, it would be practically impossible to find one for less than $1,000,000 (and naturally, that is a very low estimate and by no means is representative of any great piece from any such artist).
In contrast, early pieces are still tremendously undervalued. For a fraction of the price of a great work of art, one can easily attain one of the best early pieces in the world – a true museum-quality piece (a term that is used all too loosely in our industry). Fortunately for me, I work for one of the world’s top wholesalers of great antique carpets. Jason’s taste is not in the interest of buying purely for the sake of making money.
That is why so many unique pieces come through our doors every year. It is my opinion that over these next few years (and as the economy around the world strengthens) this continuing interest in early pieces will only escalate. If I were a gambling man, I would surely bet the house on these pieces (and I guess I kind of am)! I will follow up with some additional entries and examples of such rugs.
Learning About Antique Investment Rugs
Should Investment Potential Be a Factor When buying a Rug?
While most people may not factor in the rug’s investment aspect or long term monetary value it may be something that is worth while taking into account.
It is important to note that prices may fluctuate as a direct result of the trends set forth by both rug collectors and interior designers. Naturally, those trendy rugs that are in high demand right now, will probably have higher prices points. So it is important to note that following the current trends can result in paying more for these rugs. Equally important t note is the fact that once the trends change, it may have an adverse effect on the price of these “now in demand” rugs.
That said, the best and rarest examples of antique rugs do tend to be good investments as they have a solid track record of going up in value in over time (unless the rug was purchased during a “hot trend” at “peak price”).
Buying rugs with the investment potential in mind offers flexibility down the road. Should one’s needs or tastes change, an antique rug that maintains it’s intrinsic value can be traded in and credit will be given towards any new purchases, or, it can simply be sold as liquid asset.
Investment potential is therefore a reason to purchase an antique rather than a new rug, whose value will not hold or increase after the initial purchase.
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View some of our investment quality antique rugs below: