Dec 01 2009
Antique 17th & 18th Century Carpets & Rugs bring record prices at Christies
Early 17th & 18th century rugs have received yet another affirmation to their rapidly increasing demand and value. Among the many items up for auction at Christie’s (November 24th auction) were numerous carpets from the 17th and the 18th century. It has long been argued by people in the antique rug trade that these pieces are grossly undervalued, but now there is strong evidence that these carpets will continue to sell for increasingly larger amounts of money for years to come. As time goes by – this caliber of carpets will become even more scarce, fueling the drive of private customers and collectors alike to acquire these magnificent works of art. During the Christie’s auction, we saw lots selling for double, triple and even exceeding their highest estimates, (which were strong to begin with, for example: Lot 130 & 129). This trend seems to be indicative of the future for these carpets, but only time will tell.
