Expensive Area Rugs

$4.33 Million Dollar Area Rug

$4.33 Million Dollar Area Rug

$4.33 Million Dollar Area Rug

So if you have $4 million dollars to spare then there are probably a few left. I’m not quite sure what to say about this rug. A million dollars to spend on an area rugs is absurd, let alone $4 million. I think my new goal in life is to meet the people buying these rugs. It’s a Persian rug from the 16th or 17th century. The rug is made of a silk and wool blend. I would guess that It’s predominantly silk as silk rugs are the most expensive area rugs on the market. That material is very rarely found but when they are available you can bet your bottom dollar that it’s going to be expensive, very expensive. This particular piece is 5’4” x 3’7” which is equivalent to about $226,853.11 per square foot. So, a pretty fair price if you ask me. Yes, sarcasm in my typing, lots of it. I’m trying to think of what tragic event in my life would cause me to go buy something like this. Hmm, I’m really at a loss. I want to meet this person and shake their hand. Last time I checked, Wal-Mart was selling rugs for fifty bucks, I think this guy should know for next time. He probably worked three jobs for his whole life to save up for this carpet. I mean, that’s a good deal if you ask me. Yes, more sarcasm. Anyways, I’m going to go back to work and continue to question my morals. Please, feel free to share your thoughts or direct me to an even more expensive rug, I think I would love to see it.

$4.45 Million Dollar Area Rug

4.45 million dollar area rug

4.45 million dollar area rug

One of the most expensive area rugs ever sold, my first guess would have been maybe 6 figures? I guess I was terribly wrong. So, $4.45 million dollars later, someone has decorated their floor I guess. Absolutely insane and even if I owned every single penny in the world I would not buy a rug for this much. Heck, anything over $100 seems a bit much. This rug is a Persian rug of course, measuring about 5 x 7 feet in length. The selling price works out to about $700 per square inch. Remember that time you spent $700 per square inch of a rug? You idiot! I am hating on whoever bought this but at the same time I am little jealous, well a lot jealous. I wish I had that kind of money where instead of rug shopping I just threw millions of dollars at someone for a Persian rug. Oh, how sweet would that be. As stated in the article, this rug is about 500 years old. The buyers name remains anonymous, crap! If I bought a rug like this (which I wouldn’t) I would probably update my facebook and twitter status immediately, and then proceed to tell everyone and their dog. If I’m spending that much money on thread, I better get some recognition. After reading this article about a $5 million dollar rug, so many things were running through my head. Like, where did this guy put the rug? I hope to the sweet lords that it wasn’t anywhere anyone would even come close to stepping on. Next question, how fragile is a 500 year old rug? Next question, where did this guy get that kind of money? Did he pay in cash? Or did he finance this rug? If he financed it, what were the terms? Did the bank spot him the rest? What kind of stupid bank would agree to this? And the list goes on and on. Quite an article I must say, definitely makes me reconsider the value of area rugs.

$10 Million Dollar Rug

9.6 million dollar area rug

9.6 million dollar area rug

I want to ahead and say this is the most expensive area rug ever sold but I don’t even know what to think anymore. The fact that I just posted about a $5 million dollar rug and now a $10 million dollar rug, I like to think this is the maximum but I don’t even know any more. All I can do is shake my head at this. This is absolutely insane. It sold for a total price of $9,599,000 and the rug 11’ x 5’, that’s $173,232.97 per square foot. Absolutely sickening! That’s like paying what a house is worth for a square foot of carpet. My jaw hit my computer keyboard when I read this. The same questions crossed my mind as the other post. Where is this person going to put this rug? Like I hope they didn’t do anything with it. I hope they bought it in hopes to make a profit on it. What piece of furniture on earth is worth that much? It would be a different story if the rug was absolutely covered in diamonds or something, at least that way the cost could be justified. This is just a Persian rug, an old one presumably, that someone decided to empty their bankroll on it. Not that I would buy a rug like this even if had a billion dollars, but I hope whoever bought this rug was worth at least a billion. If I could get confirmation on that I would probably be able to sleep better at night. This rug purchase may in fact haunt my dreams for life, just saying!

$20 Million Dollar Rug

$20 Million Dollar Area Rug

$20 Million Dollar Area Rug

Now before you overreact, this rug was supposed to sell for $20 million, although there is no confirmation that it actually did. But let’s break this down a little bit, $20 million for a rug? What else could you possibly buy with that kind of money? How about a house, or 50. What about a yacht? A small plane? 500 cars? A sports team? The Mona Lisa? There are endless things you can buy with $20 million dollars and the fact that this rug was even supposed to sell for that much is absolutely mind blowing. I posted this because I just wanted to give you guys an idea of how expensive area rugs can be. I’m an area rug fanatic and still these prices shock me, never did I even imagine someone would pay $1 million for a rug let alone $20 million. Of course this is another Persian rug, I think it’s safe to say that only really old Persian rugs sell for this kind of money. I wonder how long this rug took to make? And better yet, who made it? Was it on person or a group of people? It would be interesting to know how much time, effort, and money went into making this $20 million dollar area rug. My guess is that it cost less than $200 to make, what a return on investment! I bet whoever made it is kicking themselves knowing they could have held out for a much better deal than they got. It would be like winning the lottery, or possibly better. There are pearls and diamonds scattered all over this rug but not a chance there is $20 million worth. It was auctioned off and starting bid was $5 million, who knows what it sold for, though. If you know any more about this rug please drop me a line, I’d love to know!


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