Wool hand tied aubusson rug

Jun 28, 2020. 20:21 UTC
Wool Hand Tied Aubusson Rug
David
United States of America

Category
Rugs & carpets

Acquired from
Gallery/Dealer

For sale
Yes
Description

Purchased at Sacks Fifth Avenue Home Store for $7,000.00 8' X 12'

Provenance

Purchased New

Answered within about 1 hour
Jun 28, 21:44 UTC
By Delia

Fair Market Value

$1,500 - $2,500 USD

Insurance Value

$4,000 USD
What does this mean?

Hi David,

Thank you for contacting Mearto with your appraisal inquiry. It's somewhat unfortunate that the resale market for rugs is not unlike that for cars - as soon as you drive it off the showroom it loses a considerable portion of its value. While the auction market for Aubusson rugs (and rugs made in the Aubusson style) is robust, for the most part the latter rarely sell above $2,000 or 3,000 and they need to be quite clean, without odor or stains.

If this was made at the Aubusson tapestry factories, there should be a label; I don't see one so am basing my value on this being made "in the style of Aubusson." If it has a label please let me know and I'll amend the value ASAP.
Based on the photographs and information provided, and subject to examination, this is:

An Aubusson style hand-knotted carpet
20th Century
8 by 12 feet
$1,500-2,500*
*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 again for using Mearto.

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