Carpets represent one of the most important investments you can make in your home. Not only do carpets make your home more livable, but they can also raise the value of your home by creating more appealing and comfortable spaces. Even so, we don’t often think of carpets as a financial investment in the way we would antiques or other valuables, but you might be surprised to learn that there are carpets out there that do hold their value, and can even appreciate over time.
Before carpets were widely affordable they were a luxury item. Originating in Asia and the Middle East, carpets were once for the affluent and the privileged, and were also used as valuable trade goods. Some of the earliest carpets in existence have become the most valuable collectors’ items in modern times.
The most expensive rug ever sold was a silk Isfahan example, believed to have been hand woven in the 1500s. Made of a traditional weave in central Persia, this exquisite carpet was sold at auction for over four million US dollars in 2008. There are similar examples from the period that have all been sold under the hammer from prices ranging in the tens, to the hundreds of thousands.
It might seem like modern rugs and manufactured carpets don’t have much in common with these antique pieces, but you can actually buy hand woven Persian carpets today that will hold their investment value, and can make for wonderful heirloom items for your own family.
Modern Persian rugs from Iran can be had for under $10,000 US dollars and can make great focal points in living spaces. They’re also of such high quality that they will last long enough to be passed through generations of your family.
Whether you have your own authentic oriental or Persian carpets, or even if you’ve invested in modern wool or nylon luxury flooring, carpets represent a real investment that can be both practical, and beautiful.