The first five months of 2010 has already yielded a record price for Antique rugs nearly two fold the previous record set just a few years ago. While the most recent record prices were for rugs centries old, the market for 19th century carpets has continued to gain strength.
A recent example of such is lot 174 sold by Sotheby's New York this Wednesday April 28, 2010. An Agra carpet from Northwest India dated 1875 in the size of 14' x 11'2" sold for $242,500 including buyer premium.
Pile generally good ranging from 1/10 inch to low to knotheads with dark
brown in border
s oxidized to knotheads and foundation, now with tinting
repiling; one small (3 x 2 inch) reweave in upper left
corner of field; smaller scattered reweaves in right border.
on all four sides, cloth banding sewn to reverse of all
Very flexible handle, lustrous wool, sound fabric and condition.
response to your inquiry, we are pleased to provide you with a general
report of the condition of the property described above. Since we are
not professional conservators or restorers, we urge you to consult with a
restorer or conservator of your choice who will be better able to
provide a detailed, professional report. Prospective buyers should
inspect each lot to satisfy themselves as to condition and must
understand that any statement made by Sotheby's is merely a subjective