Are Oriental Rugs Good Investments?
How many times have we heard that oriental rugs make great investments. Do they? There are certainly many that have been. One that is fairly well known is the Salor tent bag that went through the hands of a couple of dealers before a third one recognized it for what it was, bought it for less than $1,000, and made a killing on it. Another is the Saryk torba that languished with a $300 price tag in a New Orleans antique shop for many years, then found its way to Skinner’s in Boston a few years ago and sold for over $23,000 (this piece was included in the ICOC “Atlantic Collections” catalog). Tales like these are enough to give many a customer visions of a retirement nest egg with aesthetics (do monthly statements from stock brokers and mutual funds have that!). How realistic is the prospect that you can get finds like those often enough to accumulate wealth by buying rugs? Not very much better than hitting the lottery, maybe even worse. I don’t mean to sound completely pessimistic. Afte
