What is a rugs true worth?
Oh how we wish there was just a simple formula to determine a rugs true value. There are many factors taken into consideration when determining the value of a rug.
- Condition of the rug
- Fiber content
- Supply and demand
- Knot count
The rugs design is also a very important part that determines a rugs value. For example, weaving curved patterns into a rug is much more difficult than geometric designs, so these types of rugs tend to be of higher value. As you can see, there is no hard and fast rule to determine the value, it takes many years to understand all these factors that will determine it.
Even lifelong rug lovers can disagree on the type and value of a rug!
What you get with a full appraisal
If you’re looking for a more thorough appraisal with full documentation, then we would recommend a full appraisal. With a full appraisal you’ll receive:
Current replacement value
Origin of the rug
Detailed description on the condition of the rug
When you hire us for an appraisal, what you will get is a professional document with a full assessment of the rug. This includes the exact type of rug, age, condition, history, and replacement value. We attach our credentials and contact info so the document can be used as proof in case of loss. Make sure to check with your insurance representative about coverage of your high-value rugs!
Why is an appraisal important?
Knowing the value of your rug is important for many reasons. Where you need documentation for you insurance, or want to sell it and get fair market value.
Will & Testament