Will My Persian Rug Appreciate in Value Over Time?
If you’ve purchased a new Oriental or Persian rug, you may be wondering if it will appreciate in value. After all, you have no doubt heard that some antique Persian or Oriental rugs sometimes sell for thousands, if not hundreds of thousands, of dollars.
Realistically, however, the chance of your rug appreciating in value at this level is quite small. It is important to realize that a rug’s value will not skyrocket simply because it is an antique.
If you decide to purchase an antique rug instead of a new one, understand that not all antique rugs are valuable. Some “antique” rugs really should just be called “old”. Their quality can leave much to be desired, and some rugs simply weren’t well-made to begin with. They just happened to last a long time!
To be valuable, an antique rug should have a design that is always in demand. It also should be in decent shape. Antique rugs are generally worth repairing due to their age, however, it is important to take your rug to a trustworthy repairman who will not simply try to sell you the most expensive services. Not every rug is worth reweaving!
Authentic, hand-knotted Persian and Oriental rugs can certainly increase in value, but it can take years, if not decades. We recommend that you buy a rug because you love its beauty and craftsmanship. Let your grandchildren or great-grandchildren worry about its value!
If you are looking for a new Persian or Oriental rug, don’t think that a fine rug is out of your budget. You can absolutely find an affordable, good quality, hand-knotted rug. Shop around, take your time, and do your research.
If you want to know how much your rug is worth, bring it by our showroom 18000 Preston Rd. Dallas, TX 75252, and we will provide you a written appraisal. Call 972-733-0400.
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