This is a question submitted by one of our readers this week. They bring up an interesting inquiry regarding this company, and additional information on the rug they have which bears their label.
I haven't been able to find ANY information on this name Fritz and Larue. That's the
name on the tag. It also says Katmurt. Any idea as to value? It's 6' by 9'. The style plate may say Katmurt or Kaimuri and 13723. Please feel free to use the info.
Hello, great question
Fritz and Larue was for many years (perhaps close to 75), a New York based Importer of oriental rugs. Not sure of the exact years, but sometime in the late 80's to early 90's, Fritz and Larue was purchased by another prominent importer of hand made rugs by the name of Pande Cameron. From our understanding, the two companies were actually commonly owned by Pande Cameron, however, run independently, maintaining their separate names for several years. After some years, Pande Cameron phased out Fritz and Larue, then subsequently, it too was acquired by yet another Company by the name of Obeetee. Obeetee was a strong importer/exporter itself (still around today), which for many years had actually produced a fair portion of the rugs imported by both Pande Cameron and Fritz and Larue before they both closed down.
As for the labels on the back.... Importers
often assign private names to collections of rugs. Although the rug you've
sent is a 6' x 9', the design and quality was probably
available a wide array of sizes with the same design and quality.
The name "Katmurt" is probably the collection name of this certain
design and quality.
The rug is hand knotted, with a wool pile and cotton foundation. This
is an antique Persian Lilihan Sarouk design, however, would properly be called an
"Indian interpretation" of a Lilihan Sarouk Design. The rug is probably from the early 1990's or Late 80's.
As for the value, if the rug is in very good condition with no staining, wear, dry rot, odor, moth damage, sun fade, etc... You're probably looking at something in the vicinity of $750-850 for retail value (what the rug would sell for at retail showroom). Private party value will be lower, perhaps $400-550 would be appropriate if you're in no rush to sell. Bear in mind, this is a very loose assignment of value.
For a more accurate estimate, you'll probably want to take the rug to a local Oriental Rug retailer. We can suggest dealers in your area for such info. If you decide to sell, let us know and we can create a Rug Rag Verification Certificate to reinforce it is hand knotted, and the lineage as well, so you may post it at auction or local listing.
Thanks for a great question, I hope this has helped. Check in often, we're probably going to research the background information further on both companies.
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Editors: We'd be more than happy to help, please send some photographs
reverse side of the rug very close up with a quarter placed on the
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