Our rug appraisal team in Memphis has evaluated some incredible rugs over the years. We’ve appraised rugs from all over the world, determining the country of origin, the date of creation, and how much those rugs are going to be worth on today’s market. Many people don’t know how much their antique rug is worth until it’s been properly evaluated by our team and many of those owners end up pleasantly surprised. They might not know how hot the market is for beautiful antique rugs and they may be even more surprised to discover that some rugs can sell for millions of dollars. Our rug appraisal team in Memphis watches the antique rug market closely so we can help inform our clients of what their rug may be worth.
Curious about how much a rug can go for? Here are some of the most expensive rugs ever to be sold.
How Much Would You Pay for a Great Rug?
$4.3 million at Sotheby’s in 2009
A beautiful prayer rug made from silk, wool and metallic thread sold for $4.3 million in London in 2009. Appraisers set the age of the carpet to be about 400 years old. There was an inscription in the rug that led historians to believe it was a gift from the Safavid Persian court to the Ottoman empire. That’s like owning your own piece of history and getting a beautiful rug all in one!
$4.4 million at Christie’s in 2000
A rug suitable for royalty sold at a Christie’s auction in 2000 for $4.4 million, surpassing the top estimate set by the auction house. The rug was the made by Pierre-Josse Perrot who furnished royal residences in France in mid-1700’s, making this rug almost 300 years old. Who wouldn’t want to own a rug fit for a king? Obviously someone did, and paid a king’s ransom for the priveledge.
$9.6 million at Christie’s in 2010
Auctioneers greatly underestimated this beauty, giving it a top estimate of about $400,000. They must have been surprised when the bids shot past that number early in the process and finally ended at an incredible $9.6 million. Someone really wanted this rug! The rug is named the Kerman “Vase” Carpet and it made with lovely blue jewel tones surrounded by an earthy red and brown border.
$43.8 million at Sotheby’s in 2013
Think you paid too much for your rug? We don’t know how the new owners of the Clark Sickle-Leaf Carpet felt after they paid nearly $50 million to bring home this beauty, but we bet they were pleased with it. It came down to two phone bidders battling it out for this rug that ultimately drove up the price. The rug was believed to have been made around 1600. The unique coloring and pattern have made the rug famous, and before it was sold it had been admired in several museums around the world. We hope the anonymous buyer is now admiring it in their home somewhere!
What Makes a Rug Valuable?
It’s almost always the history of the rug that adds so much value to the piece. While very old rugs have their own history, rugs that were owned by someone very famous tend to be worth more despite the fact they might not be that old. Handmade pieces woven from fine materials are going to be worth more on the market, as well, as are pieces that are unique and one-off instead of mass produced. Finally, rugs that are beautiful and have a pleasing color palette and pattern are going to get more bids at auction, no matter how old they are or who used to own them.
Do You Think You Have a Valuable Rug?
Whether you need to know the value of your rug for resale or want to know how much it’s worth for insurance purposes, our rug appraisal services in Memphis are exactly what you need. Fred Remmers rug appraisals have been a trusted valuation of fine rugs in the United States since 1881 and we’re proud to carry that tradition on today. We have the experience and knowledge needed to provide you with an accurate appraisal that’s trusted by insurance companies and auction houses alike. Get in touch with us to start the appraisal process on your rug by giving us a call or contacting us through our website today.