btuma,
you've brought a lot of awesome rugs to the forum. 64 would be about right for nichols knot density or therebouts.
Trading here and there can really be good.
If the rug were in decent shape, no big problems I could forsee spending a couple bucks looking to sell in 2 years. it's a good time frame.
12x20 is a monster rug, but it's possible if you get a good deal, it's well worth the wait. I'm not saying it's all bs: Are there rugs out there that would have appraised for 28k 10 years ago and now sell for 800 now? absolutely. But what's happened since? They don't want to get it appraised again? why 800 and not a clean 1k? it really could be a great deal tho, some people just want to sell and sell quick
Nichols rugs for the most part don't seem as moth prone as some others, but you still have to maintain the rug if it's in storage, y'know. A rug can't go unused for 2 years without a good cleaning first, and that can cost a couple bucks. If the price is right, that can mitigate costs of cleaning...
This is the thing. like you said and krow said, it's a big rug to have around. If you can use it in the meantime and enjoy it while having it posted to ebay looking for a buyer, why not. Some great deals in rugs turn up in the homes of old homes in the US, why not use it for utility, investment (in some cases) and flip it.
Btuma, I love rugs. If I were you in the position to buy and this rug were in very good shape, and a real nichols I would grab it why not. But the photo is too tough to tell if it's a good deal. A lot of times you have to go with your gut. You say you like traditional, I do too. But if you feel like it's a good deal, try it out.
We talk a lot about rugs on the forum. of course looking at pictures is nothing like seeing the rug, so there's only so much we can say with a snapshot.
Keep it up though, the more photos the better, and I think we all support the love for rugs in here :)
Can you tell why the design ended? was it no question hand made?