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Persian Carpet Prices-Up, Down , Sideways?
mike Offline
#1 Posted : Saturday, November 6, 2010 10:24:22 PM(UTC)
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I was wondering what the board feels the prices of 30-60 year old Persian Carpets are currently compared to 5 year ago for good quality Kashan, Tabriz, Qum and Isfahan. Are the prices down primarily due to the poor economy, lack of demand by todays younger buyers,or wall to wall carpet?. If the economy picks up will the demand and prices go up or is the Persian Handmade carpet a dying market?

Thank you,

Mike
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btuma6 Offline
#2 Posted : Saturday, November 6, 2010 11:29:19 PM(UTC)
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Dying Market? In the last 300 years I would image there were times when demand was down and then another X amount of years it was up again. A long time ago I was told to save my old ties since they would come back into fashion. It was good advice
jahannandsons Offline
#3 Posted : Tuesday, November 9, 2010 3:54:25 PM(UTC)
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In general, GOOD Persian rugs have gone up in price 30%-100% in the last five years. This is not just for rugs from 30-60 years ago, but in general.
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Little-Persia Offline
#4 Posted : Wednesday, November 10, 2010 10:42:14 AM(UTC)
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Ditto what jahannandsons said. Production costs are going up dramatically and that's always going to put the final price up regardless of the economy. It'll get to the stage where nobody is making these things any more and then supply and demand will really kick in so I'd say the price will continue to steadily rise for all handmade rugs.
RugPro Offline
#5 Posted : Wednesday, November 10, 2010 6:28:21 PM(UTC)
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very much true for jahann and little persia say. however, my feeling is if a rug is completely shot, there's not too much upside...
KAD Offline
#6 Posted : Monday, November 15, 2010 1:42:06 PM(UTC)
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I often compare rugs with cars. This seems strange but looking at it a bit closer it is a very good comparison. If you buy a regular car, it has lost it`s value within about average 10 years. It is a product you use and after its time it is junk. Same with rugs. Buying a regular persian rug newer production, indian average stuff and so on it is something you use and at the end you get rid of it ( :-) on ebay).

If you have a 30 year old car, well mentained and maybe something you don`t find on every corner, it is already something of value. The older it gets, the more expensive it is. Same with rugs. If you look at the prices of exquisit old or antique rugs, you see they have not lost much value, most went up in price. Same with high quality new rugs as was posted before by jahannandsons, little persia and rugpro.

You must be aware that prices of old and antique rugs are subjet of change with fashion in interiour design. Kashan and Meshed rugs with red, flowers and medaillon are very hard to sell today. They where the best selling rugs in the 1980 - 90, but almost unsellable today. So this is the chance to buy fine and well mentained Kashans at low prices. You never know when the price will rise again, but I think you will never get them cheaper than nowadays.

Geometric designs sell well all the time (Kazaks, Serapis and so on). Therefore the prices are still high.

Younger poeple never have been much customers to rugs. Usually it starts at ca. age around 40 years and up. Most customers in our shop have passed age of 50.
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Little-Persia Offline
#7 Posted : Tuesday, November 16, 2010 5:46:16 AM(UTC)
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KAD wrote:
I often compare rugs with cars. This seems strange but looking at it a bit closer it is a very good comparison. If you buy a regular car, it has lost it`s value within about average 10 years. It is a product you use and after its time it is junk. Same with rugs. Buying a regular persian rug newer production, indian average stuff and so on it is something you use and at the end you get rid of it ( :-) on ebay).

If you have a 30 year old car, well mentained and maybe something you don`t find on every corner, it is already something of value. The older it gets, the more expensive it is. Same with rugs. If you look at the prices of exquisit old or antique rugs, you see they have not lost much value, most went up in price. Same with high quality new rugs as was posted before by jahannandsons, little persia and rugpro.

You must be aware that prices of old and antique rugs are subjet of change with fashion in interiour design. Kashan and Meshed rugs with red, flowers and medaillon are very hard to sell today. They where the best selling rugs in the 1980 - 90, but almost unsellable today. So this is the chance to buy fine and well mentained Kashans at low prices. You never know when the price will rise again, but I think you will never get them cheaper than nowadays.

Geometric designs sell well all the time (Kazaks, Serapis and so on). Therefore the prices are still high.

Younger poeple never have been much customers to rugs. Usually it starts at ca. age around 40 years and up. Most customers in our shop have passed age of 50.


I use that exact same thing when thinking of Persian rugs and their investment value. A standard design car will not turn into a classic and will not hold its value as there are thousands of them out there but something with a bit more quality is likely to retain a lot of its value and has a decent chance of becoming 'a classic' and going up in value. If kept in good condition this classic will fetch huge sums the older it gets and the less of them there are about.

That's why we always recommend anyone looking to get a rug for investment value to buy the best quality they can afford, even if it means sacrificing on size a bit.

But buying new for virtually everything the price has gone up - we are at the minute trying to get some bottom-end rugs (Afghan Reds or Aqchas) and have found that our supplier in 1 year has increased their price for some sizes by over 100%, which seems ridiculous, but 30% seems to be around the increase for a lot of rugs (in Afghanistan anyway) in a year. This of course is for new rugs and the same might not apply for private buyers trying to then sell on their pieces back home.
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