The Matt Camron Blog

The Rug Market Takes Flight

The Rug Market Takes Flight

A leaf-patterned blue rug from the courtly heyday of 17th-century Iran sold at Christie's this spring for $9.6 million, 20 times its asking price?and the highest price ever paid for a rug. Several months earlier, Sotheby's sold a rug from the late 1500s for $4.3 million, the going rate for…