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From: tas@dcc1.UUCP
Newsgroups: net.invest
Subject: Re: oriental rugs
Message-ID: <188@dcc1.UUCP>
Date: Fri, 24-Jan-86 12:28:34 EST
Article-I.D.: dcc1.188
Posted: Fri Jan 24 12:28:34 1986
Date-Received: Sun, 26-Jan-86 04:09:36 EST
References: <568@decwrl.DEC.COM>
Organization: DeKalb Community College, Clarkston GA
Lines: 36

> 
> 
> I'd like to read some discussion of oriental rugs as investments from
> anyone who has experience with them.  I've been getting interested
> in them after researching the value and history of some beautiful old
> heirlooms.  As nearly as I can tell, the return one may expect on 
> a rare rug of the finest make (Isfahan, Qum, Nain, Kashan, etc.)
> will average CONSERVATIVELY at least 20%.  
> 
> For my tastes, some rugs I've seen rank as works of art;  they never
> cease to be interesting in design.  If I can count on such as return
> I'd much prefer to have something to enjoy hanging on a wall or on
> the floor rather than reading stock prices in the newspaper or watching
> an account balance.  
> 
> I'm also curious as to the pitfalls of re-selling a rug a few years later
> for profit.  What are the appraisal fees or other gotchas?
> 
> thanks for any advice
> 
> Mark L. Palmer
> 
> 
> "My opinions are MY opinions"

    Unless you bought the rugs in the country of origin for a bargain price
    compare to what they ask for them here in the U.S., you would make
    some good money.  I bought three large "Hereke" rugs in Turkey which
    I consider to be the best place to buy rugs since Iran closed its doors,
    I paid $1,000.00 each and had them appraised here by experts.   They were
    priced at $3,500.00 each and was told that they could not be found here
    in this country simply because the dealers in Turkey kept the best ones 
    for themselves.

    UUCP: gatech!dcc1!tas
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