We are an association of private buyers and collectors who purchase antique Oriental rugs for their personal use. If we do not buy your rug upfront, we advertise it among our members for a minimal 5% commission if and when the rug is sold. There are no handling or shipping fees. We will match antique dealers' and auctions' estimates and forego all their fees and commissions.
This may be a good option for selling a relatively cheap Oriental rug. Online sites are often swamped by dealers and pieces of low quality. Buyers of high-end antique rugs are not likely to sift through these ads.
This allows you to reach many potential buyers at once. But keep in mind that auction-houses charge you and the buyer separate commissions. So your net return will be the final price paid by the buyer minus both these commissions. After adding various handling fees, you can end up paying 40-50% of your rug's value to the auction.
We strongly recommend to seek an independent appraisal of your Oriental rug's resale (not the replacement or insurance) value, and advice, before doing any restoration. Some repairs can actually make it more difficult to sell your rug. If an antique dealer suggests that your old Oriental rug is worth thousands of dollars, but it needs restoration, ask them if they would buy it from you for half that price.
This can be expeditious, but you will get only a fraction of your rug's worth. Alternatively, antique dealers may offer to take your rug on consignment. Typically, whatever agreement you start with, you will end up paying around 40% in commission, which is the standard in consignment stores.
A professional wash is worthwhile before selling your rug if it is particularly dirty or it has a stain and the cleaner assures you it will come out. Otherwise, a gentle vacuum first of the back and then the front working in the direction of the pile should suffice.
Selling an antique Oriental rug is difficult. It takes time to find the right buyer, and people are generally wary about buying old rugs. Where you sell your rug and how you sell it can therefore make a big difference.
Private owners are often disappointed by the resale value of their rugs. Sometimes, this is because they believed their Oriental rug was a good investment, and sometimes this is because they had an appraisal from an antique dealer which claimed their rug was worth a lot more. The reality is, selling an oriental rug is no different than reselling furniture, and you will have to offer as large a discount to sell your rug as you would to sell your furniture.