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July 27, 2023Luxury Rugs: A Wise Investment Choice for Your Portfolio
As the cost of living continues to skyrocket, making sound investment choices can be a daunting task. One sector that continues to demonstrate resilience, and often outperforms others, is durable and luxury goods, including rugs. If you’re in Jacksonville, Florida, or anywhere in the world, you’ll find that investing in a luxury rug is not only a means to enhance your interior aesthetics but can also be a savvy financial move.
Enduring Value of Luxury Rugs
Luxury rugs possess an enduring value that transcends fleeting trends. These woven works of art don’t depreciate over time; instead, they often appreciate, especially if they’re well-cared for or hold historical/cultural significance. A well-chosen luxury rug can become a timeless piece, outlasting other decor elements in durability and style.
Inflation Hedge with Luxury Rugs
As inflation erodes the purchasing power of money, tangible assets like luxury rugs can act as a protective hedge. Historically, high-quality rugs have maintained their value and often increased in times of economic turbulence. While financial markets may fluctuate wildly, the luxury rug market remains relatively stable, thereby preserving your capital.


ROI Comparison of Luxury Rugs
The ROI (Return on Investment) of luxury rugs is also noteworthy when compared to other interior design elements. A chic table lamp or an avant-garde piece of wall art might add instant appeal to a room, but their resale value can dwindle quickly. Luxury rugs, conversely, can hold or even grow their value over time. Antique and hand-knotted rugs, for example, have been known to fetch impressive prices at auction after many years.
Expert Opinion on Luxury Rug Investment
In a Forbes article, investor and entrepreneur Peter J. Burns III stated that investing in luxury home goods is a smart financial decision because they are “an asset class that is not correlated to the stock market,” meaning that they can provide a level of diversification and stability to an investment portfolio.
Luxury Rugs as an Inflation Hedge
According to a report by Knight Frank, luxury home goods, including high-end rugs, have become increasingly popular with investors in recent years as a hedge against inflation. This is because luxury goods tend to hold their value better than other assets during periods of inflation and economic uncertainty.
Some of the most expensive rugs ever sold at auction include:
A 17th-century Kirman “Vase” carpet, which sold for $33.7 million at a Sotheby’s auction in 2013.
A 16th-century Persian “Sickle-Leaf” carpet, which sold for $33.7 million at a Christie’s auction in 2013.
A 17th-century Persian “Clark Sickle-Leaf” carpet, which sold for $33.8 million at a Sotheby’s auction in 2013.
A 17th-century Persian “Polonaise” carpet, which sold for $9.5 million at a Christie’s auction in 2018.
Kilim rugs are highly sought after by collectors and enthusiasts, with some rare pieces selling for hundreds of thousands of dollars at auction.
If you’re interested in investing in luxury rugs or adding to your collection, visit Jaffe in person to see their selection of Kilim rugs. They offer a wide range of high-quality rugs at competitive prices. You can also visit their website at www.jaffeco.net or call them at (904) 731-2323 for more information.