What’s The Value Of Your Oriental or Persian Area Rug?
Oriental, Persian, and Turkish Area Rug Appraisals
Two of the most influential factors that go into determining an Oriental, Persian, or Turkish rug’s value are its antiquity and where it was made. However, a rug’s quality of workmanship, size, and the materials utilized in its creation also play a significant role.
Whether you’ve received your Oriental rug as part of an inheritance, purchased it from a dealer or private individual, or obtained it through other ways, knowing what your rug is worth means more than just knowing its value in terms of a dollar figure.
While the actual cost of replacement or value on the market is important, it’s equally important to know the history of your rug, its approximate age, and any other information an expert can provide.
Here are four reasons to get an Oriental rug valuation.
Insurance
Most often, rug appraisals are done as a requirement by insurance companies to protect an investment adequately. At Oriental Rug Salon, we take special care in offering you the full replacement value of your rug in the event it becomes irreparably damaged through fire, flood, or any other means, which ensures you receive the full compensation from your insurance company.
Private Sale or Auction
If you are considering the sale of your Oriental, Persian, or Turkish rug, then you need to know its value in the current marketplace. A third-party appraisal can assist the seller by proving the value of a rug to a potential buyer. A quality appraisal will also identify the rug (such as Tabriz, etc.), provide history on the design, and contain other historical information.
Appraisals are also necessary prior to auction, so should you be preparing your rug for sale in this way, make sure you have a reputable, expert appraisal performed beforehand to notify potential investors of its value, as well as the other important elements necessary to fetch the greatest price.
Charitable Contributions
Though less common, I have many times over the years performed an appraisal for clients who want to offer their rug to a museum, charity, or other non-profit entity for exhibition. If you are interested in making a charitable contribution of your antique rug to an organization and want to include this donation in your taxes, you’ll want a valuation to include as proof of the value of your donation.
Thinking About Purchasing a Rug
Oftentimes we are asked by interior designers and private individuals alike to assist them in determining a fair market value of a rug they are considering purchasing. We can provide this information so that you don’t overpay for an Oriental or Persian rug. You can also use our valuation to force the seller to lower their price to a fair value. We’ve seen clients save thousands of dollars by using our services to assist them in the purchase of a rug.
Oriental Rug Salon offers in-house and online appraisals that are trusted by rug collectors, insurance companies, retailers, and rug owners nationwide.
For more information about our rug appraisal and valuation service, please visit Oriental Rug Salon online at www.OrientalRug Salon.com or give us a call anytime at 239-424-8171.
With the appropriate pictures, we can provide most appraisals within 3-4 days. If you order an online appraisal, upon completion of the research, we will e-mail the appraisals AND mail a certified copy within one day of appraisal completion.
Oriental Rug Salon is a Certified Partner with the international Carpet & Rug Institute (CRI), the Institute of Inspection, Cleaning and Restoration Certification (IICRC), and we are an international WoolSafe Approved Service Provider.
You can also visit us on Facebook at: https://www.facebook.com/OrientalRugSalon
