Where and when to sell

(Posted on 18/01/14)

Where and when to sell

Resale value  This is impossible to predict with any degree of certainty.  Do not be misled by assurances from dealers that all oriental rugs or at least the ones they are selling, will automatically increase in value; this simply is not true.  The majority of contemporary items will probably not appreciate in value to any worthwhile degree, at least in real terms.  This is particularly true of the 'furnishing' items produced in India, Pakistan and the Balkans.  However, some rugs will almost certainly increase in value, and others stand a reasonable chance of at least keeping their value.  Three factors influence resale value: quality, rarity and the vagaries of fashion.  This last factor is impossible to predict, and its effects may be rather transient.  However, there is undoubtedly a mystique attached to certain groups that transcends the quality of their individual rugs and boosts both their initial price and resale value.  This is especially true of Persian rugs.  Rarity is easier to predict.  For example, the pressures on nomadic and tribal peoples to adopt a more settled way of life are increasing, and it is probable that a number of these groups may either cease, or radically alter, their rug-making traditions in the forseeable future.  The other indicator of rule, the higher the quality of the rug, the more likely it is to increase in value.   The three main outlets for reselling are auctions, specialist shops, privet individuals or dealers.  In all cases, before initiating a sale it is wise to obtain an independent valuation, which should also be backed up by your own observations of current prices for similar items.  As when buying, always consider a number of offers before finalizing a sale.Selling to a specialist shop  Probably the simplest and most straightforward way to dispose of your rug, although the price offered will be considerably less than its retail value.  Carpet shops are normally separated into those which specialize in old and antique items, and those which specialize in contemporary rugs, and it is important to select the appropriate outlet for your particular rug.Putting your rug up for auction  As with buying at auction, this option carries a higher element of chance.  You are more likely to have a rug accepted by an auctioneer if you are prepared to put it up without a reserve (a figure agreed between you and the auctioneer below which they will not sell the rug), but this is extremely risky as it could then be sold for far less than it is worth.  Even without a reserve, however, your rug may well realize more at auction than in a specialist shop.Selling privately  It is good idea to obtain offers from specialist outlets before selling a rug in this way, as it may prove time-consuming to locate a privet buyer, and individuals may require independent evidence of the rug's worth.  

                                                                                              (Fine Nain rug)