Wednesday, September 23, 2009

funny money,,,,

value is so funny in antiques....jon got these rugs at an auction...they look great , the family was rich, one is marked made in iran.....we paid about 80$ .....they are either factory made, and worth very little, like karastan or real orientals.....i cant tell ....the pattern is on the back , the colors are great..... so whats the price..?

..yesterday i said they are between 100 each or 1000 each..... im waiting for my rug buyer , he will want them if they are good orientals, if he doesnt want them that tells me they might be worth 100.... hes the expert....and weve sold to him before...

we sent word to him thru our antique buddy network,i dont have his number, he just called, hes on his way.... now i have to decide how to handle this.....should my goal be 1000 each? what if they are 5000 rugs? should i care.... maybe ask 2000 and let him take that or offer less......i am so rarely in this position,,,,as i think its horrible and unprofessional to not have something priced....rugs are about the only thing i ever dont price by what i paid.....but he is getting to see them instead of me selling them for 100....



the last time this happened....our parting deal was him paying us 6000$ for a big filthy pile of rugs... after the deal was made, he said he would have paid $7000....and i told him i would have taken $5000.....it was pretty funny......the big one he sent to turkey to be repaired....it must have been a heck of a rug...

...but we have a good relationship...the only way i ever get good rugs is by dumb luck at auction.... i know a teeny bit , but not really enough to know w hat im looking at...

he told me on the phone that the made in iran tag meant they were after ww1....

maybe i will just throw myself at his mercy.... or offer them at 2000, for the pair...
hmmmm.

FINAL REPORT;;;;; ..basically , let him have them at any price.... one was horribly damaged...and the other also not good...i knew there was a hole., thats all jon told me and it was that plus water damage....... but big and worth sending to turkey to get repaired...costing way more than what he paid....im satisfied...and happy with the guy...he knows i know nothing....and respect his very good reputation.... .i told him i was hoping for 2 or 3000 and he said he was too....
what we learned..... since hes spending 7 or 800 to get the hole repaired and it will still have lots serious off color and worn down spots....bad ones....my guess is one like this in good condition we could sell for 2 or 3000....thats my wild guess anyway....
isnt it georgous!!!

7 comments:

Feather Your Nest said...

hope he doesn't read your blog :-)

ann at greenoak said...

no secrets in it...lol...
it was ok...and he knew everything...in a situation like this, what i pay is so irrevelant.... its all about the rug....
i did take some pictures...will post later...

Sandy and Joe/rhubarb reign said...

Good to know a good buyer, though! Thanks for your note on our Springfield post. xo

Gina2424 said...

What a great blog! I've been reading for about an hour! Love your pics-on to your other sites and blogs! So glad we chatted. I've unpacked my stuff, but that's all so far. I see you are a fellow Virgo.

The Attic said...

Great rugs! My Mom has 3 antique rugs and I didn't have a clue to their value either. Had one dealer come and offer $500 each..we said no..he upped his offer to double, still said no. Then another one came an offered $2000 each...glad we still waited. We finally had them appraised. Two were 10,000 and the 3rd one was $5000. I don't really trust rug dealers anymore...LOL

ann at greenoak said...

wow...thats great that you didnt sell it at first.... hope you got half to 2/3s of appraisal...
appraisal is confusing....in most categories selling for half would be a good goal....

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