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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Your not buying them to be collectable but to use them. New or newer carpets will be collectable long after you are dead. You have not mentioned buyers premium. Also how does your auctioneer structure his estimates, does he lowball his estimates or high ball them? That can be determined by the prices realized over a span of several auctions. Also the Persians that are said to be Silk, use foundations that are of cotton, so they are not quite.....
I would pay attention during the auction to determine if it is running hot or cold, and I would not chase those rugs too far. I would be thinking OUT THE DOOR in the lower range of the estimate. I usually get stuff one bid further than what I think my limit ought to be.
The market for Orientals does not seem to be very strong.
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"Some Observer"
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