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Heriz-2 Valuation Please
gerrha Offline
#1 Posted : Wednesday, March 4, 2009 5:53:52 AM(UTC)
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Hello,
Here is a Miri Heriz rug that I purchased not long ago. Could the experts here please evaluate this rug and advise what price the rug ought to be? A certificate from the company that made the carpet is attached showing all the details of this very nice natural dye rug. Purchase price in Al-Khobar, Saudi Arabia: $3450

Thanks, Gerrha
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RugPro Offline
#2 Posted : Wednesday, March 4, 2009 12:45:59 PM(UTC)
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designs, colors, contrast and patterns of this rug appears more conducive to the american market. knot density appears slightly higher, although perhaps newer than the previous heriz posted. Hard to tell. slight abrash, non-reconciled corners. appears signed, perhaps a date. in roughly 8x10 maybe $2400-3,000. Not to say it can't be found for less, but more may be justifiable.

Maybe play around with the estimator pro. http://www.RugRag.com/Ap...C-4674-A3BE-A260EDAE61FD

This rug has lower KPSI for the range generated, so it'd be at the lower end of the spectrum.
KrowGyrl Offline
#3 Posted : Wednesday, March 4, 2009 1:36:25 PM(UTC)
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Pro ... regarding the "American market" and other markets as well, could you say a few words about the trends and tastes of some of the different markets as you have observed? I'd be very curious. Certainly I would think, and I have seen myself, different tastes among different demographics within the American market. But what about age of customer? Looking at a Bell curve, where do the majority of your buyers lie in terms of age, and where are the outliers congregated in each demographic? I am thinking high end buyers, middle class, and budget buyers, if you see that type. And what about the artsy fartsy types? What are you seeing?

Also a question for Gerrha ... what kinds of rugs do you see in Saudi homes? Lights? Darks? Geometrics? Florals? Tribals? Do they go for large single rugs or multiples to pepper a space? What are you seeing? What about the stores? Are they slick and formal, or casual and comfortable? High pressure or is it "fun" to engage in the process?
gerrha Offline
#4 Posted : Wednesday, March 4, 2009 7:24:55 PM(UTC)
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Hi Rugpro,
I am not sure if you noticed, but this rug was made by the Miri family in Tehran with all natural dyes using handspun wool. (KPSI 64)
Here is a quote from Emmett Eiland discussing Miri rugs. (He has one for sale now that is probably nicer than ours, but he is asking just under $17,000 for it.)

"Two other Persian families took an early interest in weaving rugs with natural dyes, and today are among the several leaders of Iran’s own rug renaissance. Miri Iranian Rugs is a Tehran-based company that is respected by virtually everyone I have spoken with about new Persian rugs. Their carpets are of un-compromised quality.

The Miri family has been in the rug business since 1820, mostly as exporters. In 1988 Razi Miri, the oldest brother of his generation, began an intensive study of the old carpet-making techniques, eventually learning to weave rugs himself, and by the early ’90s the family was engaged in producing rugs. The excellence of their production has been recognized and rewarded by such institutions as the Victoria and Albert Museum in London, which requested five pieces from the Miri family for display. Unlike the fanciful and abstract gabbehs of southern Persia, Miri Brothers rugs are in traditional designs, from south Persian tribal rugs to city rugs from Tabriz and Kashan, and from Hamadans to Bijars.

It interests me that the Miris describe their production as part of a renaissance. “The Miri renaissance has taken place during a declining period in the art of Iranian carpet weaving and it is at just this point that it is giving new life to a dying art form.” One has to agree.

Bayat-Nomad is the business name of one other family that is weaving works of art on their looms. Alireza, Mohammad and Habib Bayat, descendents of Persian nomads, carry on a family carpet business founded in 1900. Alireza Bayat called upon us in Berkeley just as the American trade embargo lapsed, and I can hardly tell you how exciting it was for an old rug man like me to see new Persian rugs as good as the great Persian rugs of the late 19th century. The best of the Bayat and Miri rugs are finely knotted, beautifully drawn, full of character, in touch with age-old Persian tradition and, of course, naturally dyed from hand-spun Iranian wool. They are among the most expensive oriental rugs in the world. My reaction: They should be — they’re that good."

Would you still value the rug at $2400-3000?
Thanks
RugPro Offline
#5 Posted : Wednesday, March 4, 2009 8:19:42 PM(UTC)
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Hi gerrha,

You bring up good points, and I can address them. By no means do I retract what I said and for the following reasons:

1. I'd appreciate more info about the rug seen on EE's site. Size, knot density, design, etc.
2. You're asking for a $ amount. Do I go by the paper, or do I provide a basis? Take a look at the assumptions made on the estimator.... See discrepancies? The rug has more than 7-8 colors as inputted, nothing about veggie dye, nothing about handspun wool. Not an oversight, a starting point.

3. On the forum we see several new members a week: some looking to plug their stores (unfortunately), others looking to learn general info, and some want numbers. putting a number on the table for a rug sight unseen is not a great thing to do. see Serafian post. The best thing to do is open discussion.

Expanding on this rug will only provide greater benefit to the community. Lets take a look at some comparable pieces in similar size, same knot count and other.

gerrha Offline
#6 Posted : Wednesday, March 4, 2009 11:01:43 PM(UTC)
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Hi Rugpro,
The Mirion EE's website is about the same size as our Heriz, but a completely different style and quality I am sure. I was not trying to compare the value of his Miri to ours, I just wanted to make sure that we were talking about the same weaving family, natural dyes, handspun wool, etc.

My personal goal with rugs/carpets is to learn as much as I can about them; every facet of the art - and this includes valuation. My interest in trying to obtain a good estimate of value is however not to find out if we paid too much as I am quite certain that we have. It is to learn more about the industry in general and what value might we expect from our carpets should we decide to sell some as we try slowly to acquire more sophisticated and investment quality rugs. I don't really just want to know about value. In fact, in our brief communications about the other Heriz that I submitted, I learned from you that the larger diameter fringe on the rug was an indicator of age and several other things as well. One may learn more from their costly mistakes anyway.

I do have one other Miri that we can look at, but it is of Tabriz design and it will not be as easy for me to send all of the photos of this one as it is currently rolled up and sealed in plastic.

I am sure it is difficult to know how to value a rug only through photos, but on the other hand, there are a lot of very nice rugs available through online auctions so we need to start somewhere. I have been watching very closely the auctions at Christies and Sotheby's planning to jump in here one day soon.





gerrha Offline
#7 Posted : Wednesday, March 4, 2009 11:42:36 PM(UTC)
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Krowgyrl,
You may find it odd, but in over 20 years in Saudi Arabia I have only been in 3 Saudi houses and even then I was limited to the male only sections. In general, Saudis do not normally interact socially with foreigners. Therefore, I really cannot say for sure what types of rugs they prefer in their homes. From discussions with Saudi co-workers and in the local carpet stores, I am guessing that they are mostly interested in the lower end of the carpet range (such as Nain Nola and Shishla rather than Sharla). My above average educated coworkers were shocked to find out that I actually paid close to $10,000 for a single rug.

I think my experience in the stores bears this out as well because when we enter a carpet store here, we ask the staff to show us the best carpets they have in the store. Even then, we are not seeing the best quality carpets made today. The owners of the stores tell us that they do not normally bring in the very best material because there is no real market for it. We have not found a single store here that has true antique carpets. (Note that these comments pertain to Saudi Arabia and Bahrain, I think Dubai may be different as there are more wealthy people there). The story is even worse in Bahrain, an hour away from us. The customers for the shops in Bahrain are mostly US and British military who typically buy a souvenir carpet to take back home, so it is very difficult to find really good quality material. I think too, (in fact I know this from one of the store owners) that carpets made in Iran are not the biggest sellers here anymore. Afghanistan, Pakistan, India, and Turkmenistan are the big sellers they say because they are cheaper and of better quality.

I have never been in a carpet store in the US, so I can't compare directly (I have that pleasure coming in a few months). The stores here are the opposite of slick and formal though. They are very haphazard with piles of carpets all over the place and usually they have very crummy ACs, so it is best to go early in the morning. One problem that we have, is that English is a second language for the salesman in the carpet stores here so it can sometimes be difficult to communicate at the level you might like where you can ask very detailed questions and get really good answers. It may sound funny, but another problem is that all of the carpet stores are located in the same general area. It is difficult to visit a store without the other stores knowing you are visiting and they can be jealous. Another odd thing that we discovered in Bahrain where there are 10 or 12 small carpet stores lined up next door to each other along one street, is that 10 of the 12 stores are all owned by the same owner so they freely move the same rugs back and forth between stores. We only found this out after painstakingly detailed visits to each of them over a several month period.
RugPro Offline
#8 Posted : Wednesday, March 4, 2009 11:52:37 PM(UTC)
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apologies if I come across brash. You in SA, us here in the states it's good to hear about overseas market experience so this is good :)

The natural dye is arguably one of the most controversial topics. For attribution, different dealers handle this in different ways. There was a post by Btuma where we went into signatures/branding lightly. Some very distinguished families, some seen in one light, others seen in another. As for pricing, it's not uncommon here in the states for a retailer to post a price just waiting for a hired decorator ready to sweep the rug off it's fringe at whatever price.

The best I can offer on this specific rug is a general starting point for clear characteristics providing all else equal. I can see KPSI, I can see yarn ply. Unless a rug clearly has very, very specific characteristics many important factors remain in question. Often workmanship is evident, design execution, etc. Handspun is sometimes difficult to ascertain but seems likely for this piece. I can pass the signature onto an associate. I don't doubt it, but you never know. I would rather place a starting number on a rug like this especially after the Seirafian without confirming dyes and hand-spun. But I did not specifically state this and I should clarify further than posting a link.

I don't necessarily think you paid too much, but we should see what others say. I can say there are a few rugs I have that I paid too much for.... One specifically comes to mind that I remember OFFERING way too much. An old kurdish rug. The gentleman that owned it inherited it and didn't want to sell. It wasn't anything unbelievable. Pretty bad shape too now that I think about it. Still happy with it and can't be replaced. Probably couldn't sell it for a fraction of the price paid. Even if I wanted to sell, wouldn't feel comfortable asking the average buyer to pay what I did. That's just me.

I will send this rug to several others for opinion. I think multiple input is best and am happy with you sharing experience on the forum and we will do the same
gerrha Offline
#9 Posted : Thursday, March 5, 2009 12:55:22 AM(UTC)
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I read some of the Btuma posts, and I agree 100% with your thoughts on overseas buying. After a whole lot of very detailed looking here in Saudi Arabia, I am totally convinced that an average person going into a carpet store in the Middle East and buying a rug will walk out having paid more for the rug than he would probably have paid if he had spent the same time looking in good stores in the US. My wife frequently tries to convince me to go to Iran and buy there. No chance: I have a Saudi friend who speaks the language who did go to Iran to buy a carpet or two, and came back with his tail between his legs and no carpet because they expected him to pay outrageous prices. The important word there is "expected". For some reason, especially as a foreigner, you are expected to pay more for just about everything and with rugs, it becomes very difficult to separate myth from reality for prices or dyes, or even something as basic as knot count. I do not even ask for knot counts anymore because every single time that I have - and this is without exception - the knot counts given to me have been exaggerated, some marginally, some grandly.
KrowGyrl Offline
#10 Posted : Thursday, March 5, 2009 4:11:33 AM(UTC)
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For some reason, especially as a foreigner, you are expected to pay more for just about >>>>

Of course. It's all part of the fun, and part of the initiation. If you, or anyone is serious, they learn what they are doing and get shown the ropes by a native of that region, town particualrly, that can walk them through the process and also vouch for them. It's just part of the culture. And the haggling. If you don't know your way through the haggling process, it's pretty obvious. Then you get gouged. I have expereinced this myself in the antiques market in the US.
KrowGyrl Offline
#11 Posted : Thursday, March 5, 2009 3:07:56 PM(UTC)
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Gerrha ... interesting. Yes, I assumed you wouldn't be hanging out with the wives and daughters. I know a few people who live over there, and in Kuwait. To me it sounds like it depends on why a person is over there and what their interests are. Most of my friends are either Muslim converts and academics, or "traveler" types, freebooters who exist outside the usual definitions. But none of them are hanging out with the women folk either. I understand about all that. The only carpet stores I have been in in the US, besides my teacher's when I was taking a rug class, were Afghan import stores that also sold rugs, all the way from touristy type joints in Manhattan to gallery type shops, to a couple of really good ones back in the day run by the ubiquitous "traveler types." I learned early, decades ago, from one of these guys how to read the yarns and stories and mythic stories that get woven around these kinds of thing, rugs etc. Not saying this is you, but the tourist and visitor who runs in for a retail experience and who refuses to educate himself on the merchandise and the way things are done is considered fair game. Even in my rug class, the teacher was a Persian Jew whose family has a store in Manhattan, he said many times the mark up for rugs was anything from 100% to 1000% or more depending on what you thought your market could bear. Fixed prices are a western phenomena and not even in the US in some places and industries. I was aghast when working on a renovation project with a Persian friend and we went into Sears Robuck and he filled an area of the sales floor near the cash register with tools or all kinds, tool cabinets, a wealth of stuff for the project. Then called out the manager and said ... "What can you do for me?" I died of embarrassment, until the manager, a good ole white boy, pulled out his calculator and said, well .... let me see. We walked out with a very attractive reduction on those tools. It never hurts to make an offer, and low ball the sucker. They can laugh, get mad and insulted, and half the time call you back as you shrug your shoulders and walk out the door. I have had this happen to myself many times. In some settings, in the US but in ethnic environments, as I was leaving and not going to buy, I have had the m,erchant, more than once, call me back and say ... how much have you got, when I said I wasn't going to pay their price because "I just didn't have that much on me." Anytime a merchant says to me ... how much have you got .... I think of how much I really have, take a chunk off, and tell them. But you have to get into the spirit of the thing. And yes, this has worked on rugs in San Francisco at a place that no doubt marked up 1000%.
Kazak Offline
#12 Posted : Thursday, March 5, 2009 7:31:14 PM(UTC)
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Hello, I'd like to give you my opinion about your posting and the comments from others above.

It's understandable you might feel RugPro's estimate was on the low side. However, with all due respect, you might inquire about the carpet on Mr. Eiland's site as noted. In my opinion, the rug is certainly a much finer quality than the rug you posted for evaluation. I would venture a guess that the quality of that Tabriz rug is close to 200 knots per square inch. The rug you posted is approximately 64 Knots per square inch. As you are aware, there could be a very wide disparity in price between rugs of the same size due to this fact alone. (Note: the Eiland rug is close to 50% larger in size.)

That the two rugs were produced by the well reputed Miri brothers, would certainly be a credit and enhancement to the value of either rug. Nevertheless, it's important to consider the differences in quality, type and area of production. Also, what is their volume of production? (A closely guarded secret!)
Regarding "Renaissance" production, it's reasonable to speculate that lower quality weaves are quite plentiful and serve to benefit from (rather than enhance) the reputation of the finer antique reproductions by the same group.

All things considered, the rug you posted appears to be a very lovely carpet. When all is said and done, you may have done well on the price. Bottom line, beauty is in the eye of the beholder --- the real value of the carpet is what the buyer is willing to pay. In your case, this piece is an authentic and attractive Heriz design rug with beautiful colors. The dyes are most likely vegetable or natural. In truth, your rug might easily be valued at a considerably higher retail price in the U.S. retail market. Had you purchased the rug in Iran, the price would have been a different story, but then again, there are other associated costs (and risks) to consider. Regardless, you bought this from a dealer who is entitled to make a fair/reasonable and, hopefully, not excessive profit.

There are other parties, like the Miri Brothers maintaining similar "Renaissance" type productions in Turkey, India and Iran. And, as a result, of their efforts, they are expecting and commanding very high returns. In some cases the prices are justified, in others, not, based on what I've seen. Remember, these are mostly commercially driven productions.

In a hundred years we'll know the answer to today's question: "Who is tomorrow's Ziegler". I hope we're around to find out!

Meanwhile, take good care of your rug!
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