There is, obviously a great deal that goes into determining the rug prices and the estimation of an antique rug. It goes without saying that the same is true of any work of art. On the most basic level, the expense or estimation of an antique rug is determined by what someone is willing to offer for it.
Rug prices will depend on how much carpet dealers are willing to pay to procure it. The price that the dealers set when they want to sell the rug will depend on the size, rarity, wool quality, weave, color, condition, age, design, and especially how all these attributes combined together in the piece.
Generally speaking, age does play a significant factor when it comes to evaluating the worth of a rug. While it’s necessarily the actual age or year that impacts the value of oriental rugs, older the rugs, especially those from the late 19th century and those from the 15th-17th centuries tend to be the most desirable. 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 antique 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 the uncommon and collectible piece, larger rugs will usually be expensive compared to the small ones. To a certain extent, values are based on intrinsic factors that do not reflect changes in taste. That said, trends will affect the rug prices or value as demand certain looks grow 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 value and price point (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 rugs, rare carpets, and the “best” examples do tend 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.
Continuing the Discussion on What Rugs Should Cost
Authentic Persian and Persian-style modern rugs continue to be a staple of interior design, as they have been for hundreds of years. Many selections are available and at a range of prices too. Thus far, the most expensive rug in the world is an early vase carpet from the Clark collection which sold at Sotheby’s auction house in NYC for $34,000,000.
What Makes A Museum Quality Valuable Rug?
Some of the most beautiful antique rugs in the world are located in collections such as the Metropolitan Museum of Art, the Louvre, and the Tokapi Museum. Of course, the older the rug, the rarer it is and the more valuable. Caring properly for a rug can help it last a long time, but it is still made from plant and animal materials that will still degrade over time.
Rugs that are representative of a certain time period or artistic movement are also important pieces and more valuable. If the rug is of large size, completely intact, and in good condition, the prices can be astronomical. These are for the serious collector who is committed to preserving a world treasure.
At The Rugs House, our collection specializes in rugs that are distinct and of top quality and value. We often get in one of those rare museum-quality rugs. We love to provide highly collectible antiques to customers with satisfaction as our top priority.