mpalmer@bucky.DEC (01/20/86)
I'd like to read some discussion of oriental rugs as investments from anyone who has experience with them. I've been getting interested in them after researching the value and history of some beautiful old heirlooms. As nearly as I can tell, the return one may expect on a rare rug of the finest make (Isfahan, Qum, Nain, Kashan, etc.) will average CONSERVATIVELY at least 20%. For my tastes, some rugs I've seen rank as works of art; they never cease to be interesting in design. If I can count on such as return I'd much prefer to have something to enjoy hanging on a wall or on the floor rather than reading stock prices in the newspaper or watching an account balance. I'm also curious as to the pitfalls of re-selling a rug a few years later for profit. What are the appraisal fees or other gotchas? thanks for any advice Mark L. Palmer "My opinions are MY opinions"
tas@dcc1.UUCP (01/24/86)
> > > I'd like to read some discussion of oriental rugs as investments from > anyone who has experience with them. I've been getting interested > in them after researching the value and history of some beautiful old > heirlooms. As nearly as I can tell, the return one may expect on > a rare rug of the finest make (Isfahan, Qum, Nain, Kashan, etc.) > will average CONSERVATIVELY at least 20%. > > For my tastes, some rugs I've seen rank as works of art; they never > cease to be interesting in design. If I can count on such as return > I'd much prefer to have something to enjoy hanging on a wall or on > the floor rather than reading stock prices in the newspaper or watching > an account balance. > > I'm also curious as to the pitfalls of re-selling a rug a few years later > for profit. What are the appraisal fees or other gotchas? > > thanks for any advice > > Mark L. Palmer > > > "My opinions are MY opinions" Unless you bought the rugs in the country of origin for a bargain price compare to what they ask for them here in the U.S., you would make some good money. I bought three large "Hereke" rugs in Turkey which I consider to be the best place to buy rugs since Iran closed its doors, I paid $1,000.00 each and had them appraised here by experts. They were priced at $3,500.00 each and was told that they could not be found here in this country simply because the dealers in Turkey kept the best ones for themselves. UUCP: gatech!dcc1!tas --------------------------------------------------------------------------------