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Question DetailsAsked on 11/24/2012

What is the normal markup on oriental rugs?

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2 Answers

0
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If you find a rug that you think is beautiful, that fits with your decor, and seems reasonably priced for your budget -- then buy it, and don't worry about what the potential markup might be. I have oriental rugs in most rooms of my apartment (used to live in house with all hardwoods) and every time I see them and walk on them, they give me pleasure. They are functional art, which are practical and lend a welcoming atmosphere to any home.

Providing a specific answer to your question is challenging.

Unfortunately, oriental rugs are a bit like antiques, in that the valuation is highly variable, and the since the volume is relatively low, the margin has to be high. If you are talking about "persian" rugs, the value (of both new and used rugs) was kept high because of the embargo on Iranian goods from 1979 to 1987. If you are talking about antique persian rugs, then you are back to guessing or getting appraisals to determine criteria such as (1) how old, (2) actual region of origin, (3) quality, (4) collectibility.

If you are just asking about going to a department store and getting a new rug (perhaps from China, India, or the Middle East), then you might be looking at 30-60% markup from the store's cost. If you go to a specialty "rug store" then expect at least 50-100% markup (pretty standard for gift or specialty shops). Used rugs should be cheaper than new, but since they buyback for much lower value, markup might be higher.

When I lived in Chapel Hill, NC there was a reputable rug store that guaranteed 100% value on trade-ins, and they gave discounts for buying multiple rugs. I spent a some time at the library learning about rugs, and they spent a lot of time showing me their inventory, educating me about quality and design, and ensuring I had something I'd love. If you find a similar store, I'm sure you'll have a great experience and purchase something you'll enjoy for decades, and maybe even pass along to your kids!

Answered 6 years ago by rjl

0
Votes

There are no MSRP's for rugs... We deal with antique oriental rugs and those are assessed individually based on the piece.

Please feel free to look up the article I wrote... a comprehensive price guide for rugs.

(A version of it is also on about.com)

Hope I was able to help :)

Omri


Source: http://nazmiyalantiquerugs.com/

Answered 6 years ago by Nazmiyal Antique Rug




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