What Determines the Price, Cost, Worth or Value of Antique Rugs?
Determining the value of antique rugs – There is, of course, a great deal that goes into determination the price or value of an antique rug. It goes without saying that the same is true of any work of art. On the most basic level, the cost or value of an is determined by what someone / the market is willing to pay for it.
The value of a rug will depend on how much dealers are willing to pay to acquire it. The price that the dealers set when they want to sell the carpet will depend on the size, rarity, quality of wool, weave, color, condition, age, design and especially how all these attributes combine together in the piece.
Generally speaking, age does play a significant factor when it comes to valuating the worth of a rug. But its necessarily the actual age that impacts the value but the older the rugs, especially those from the late 19th century and those from the 15th-17th centuries. These older rugs focused on quality and not affordability. This is why many of the older rugs were woven using better base materials and far more attention was paid when each carpet was produced. Older rugs, especially those that are in good condition, are also more valued because they are rarer and have a look and feel like nothing that could be produced today.
While not always the case, especially when dealing with rare and collectible piece, larger rugs will generally cost more than small ones. To a certain extent, values are based intrinsic factors that do not reflect changes in taste. That said, trends will affect the prices or value as demand certain looks grows and supply of these one-of-a-kind items will, over time, diminish.
At any given time certain types of rugs will be more popular than others. Naturally, this sort of demand will create a higher price base (at least for a certain period of time). But trends change and fads fade. Therefore the value of “trendy” items has a greater risk of diminishing once the trends change.
Collectible, rare and the “best” examples do tends to retain their value over time. These “cream of the crop” pieces have also been the safest investments and they have a strong track record of escalating in value over time.