Persian Rug Makes $4.45 million at Rhode Island Auction
Published June 6th, 2008
A silk Persian rug has sold for a record $4.45 million at a Christie’s auction.
The rug was sold on behalf of the Newport Restoration Foundation. It had been expected to fetch up to $1.5 million.
The rug, which measures 2.3 metres by 1.7 metres and is thought to date from the 16th or 17th century had been purchased by the late tobacco heiress Doris Duke in 1990. She left it to the foundation when she died.
Elisabeth Parker, head of Christie’s rugs and carpets department, says there are only two other known rugs like it. She calls it an “amazing work of art” and says it has an intricate floral design and an unusually large number of colours, at 17.
