Hereke ipek silk on silk carpet

Oct 18, 2020. 16:41 UTC
Hereke ipek silk on silk carpet
Caroline
United States of America

Category
Turkish rugs

Acquired from
Gallery/Dealer

For sale
Maybe
Description

Hereke ipek silk on silk carpet purchased in Turkey in a coastal city, I think it was called Fethiye, in 1998. Size is 92 cm x 62 cm. Code number on Turgut Koy certificate is 198254. I paid a little over $1000. I would like to know its worth today.

Provenance

Unknown

Answered within about 1 hour
Oct 18, 17:49 UTC
By Delia

Fair Market Value

$300 - $500 USD

Insurance Value

$800 USD
What does this mean?

Hi Caroline,

Thank you for contacting Mearto with your appraisal inquiry.
Fair-market values are usually quite a bit lower than retail pricing; rugs of this small size rarely bring more than $500 at auction, regardless of the purchase price.
Based on the photos and information provided, and subject to examination, this is:

A Turkish Hereke Ipek hand-woven silk mat or prayer rug
Made by Turgut Koy rugweavers in Fethiye, circa 1998
2 feet by 3 feet (62 cm by 92 cm)
PROVENANCE: purchased at the factory by the client
$300-500*
*represents a fair-market value for auction purposes; retail or asking price may vary.

Please let us know if you have additional items to appraise, and thank you for using Mearto.

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