Antique Rug Buyers Guide

"Let's build your own Dreams Together"

Antique Rug Buyers Guide
When buying an antique rug, what should I look for: Having been in the business of buying and selling rugs for over a decade, the first questions I get from people are: Before buying an antique rug, what should I consider? Where do I go to buy antique rugs? Where do I actually begin my antique rug-buying hunt? First of all, dealers, designers and collectors all over the world seek to find the greatest antique rugs. Antique rugs are considered a form of art. A rug needs to be at least 80 years old to be considered an antique. Whereas furniture or art needs to be at least 100 years old to be considered antique. One of the differences is that antique rugs should not look like they were used at all and just viewed as art. Also, rugs are stepped and walked on as opposed to art which is only viewed. Therefore, art will always look newer and last longer. It is amazing that some antique rugs will cost less than an actual new rug. However, there is a misconception that antique rugs cost more than new rugs. A new rug could cost $80 for every square foot in today's market. This is an average price. The better quality rugs can cost over double that. For example, a 9'x2' new rug can cost approximately $8,600. Bearing in mind that the rugs will not necessarily be commercial grade in this price range, nor will they be great pieces. New 9'x12' rugs have been seen to sell well over $20,000. Therefore, my question is pretty simple: why not purchase a rug which has resale value if you are going to invest such a substantial amount of money in an antique rug? As nice as new rugs are, they have no intrinsic value. The same rule applies as if you bought a new car and paid $30,000 for it. As soon as you drive the car out of the dealership, it automatically decreases in value. Therefore, there are a few things to consider before successfully finding the perfect rug: Budget, current design market, size, quality, age and condition are among the few categories that need to be considered. 1. Budget - All rugs, new and antique, vary greatly in price. There are many reasons for the price variations. Some of these reasons are: handmade rugs a. Current design market - Patterns, colors, trends and looks will determine whether a certain rug is a must-have in the current market. Of course, everyone has different tastes and the ultimate decision is a very individual one. All markets are different as well. The American market, for instance, concentrates on decorative pieces. We are a society of beauty. We make our selections by colors and patterns. Other markets base their selection on quality. The European market for instance. Europeans will pay more for an antique rug based on quality. Antique rugs such as an Oushak rug prices are greatly affected by the pattern of the rug as well. For example, all-over designed rugs vs. medallion rugs. All-over designed rugs are at least 30% more expensive that rugs that have a center design. In the American market everything should be centered. We tend to select rugs which have center designs and try to perfectly align the rug in the room according to other furnishings. b. Size - First measure the space and determine the size of rug you desire. There are no set rules for placing a rug in a room. Some people prefer a small rug in a large room. Some like to see that the rug fits the room to the exact size. People usually compromise on size first. If they find an antique rug that they fall in love with based on its colors, design, price or style, they are very willing to compromise on size. The cost of new rugs is based on square footage. The bigger the rug is, the more expensive it will be. However, this is not the case with antique rugs since they are individually evaluated based on many factors. For instance, it is not unheard of for an antique rug (5'x8') to be sold in Christies London for $10 million.

Leave a Reply

Your email address will not be published.