What is a rug’s true worth?
Oh, how we wish there was just a simple formula to determine a rug’s 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 rug’s 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 rugs with curved designs 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 value.
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 a professional document with a full assessment of the rug. This includes a detailed description of the rug and its age, origin, condition, and current replacement value. 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 for your high-value rugs!
Why is an appraisal important?
Whether you need documentation for you insurance, or want to sell your rug and get fair market value, knowing the value of your rug is important. Other reasons for appraisals include for Wills and Testaments and for cleaning liability.