Demand for Persian Rugs and Tapestries Reaches $3 Billion in China

on March 27 2014 | in Art & Auction Trends | by | with No Comments


Persian carpets and tapestries are some of the finest in the world, and wealthy Chinese consumers are taking note.

Mohammad Alikhani, head of the Iran National Carpet Center, told China Daily that the estimated demand for Persian rugs and tapestries in China is roughly US$3 billion.

Known for their longevity and beauty, Persian carpets are finely woven from wool or silk using natural pigments. However, the wealthy Chinese buyers aren’t purchasing these rugs to decorate, but rather as investment pieces. According to Alikhani, these rugs and tapestries can grow five times in value within a short number of years.

The Shanghai New International Expo Center is currently showcasing the rug and tapestry collections of 17 Iranian vendors. The exhibition, which runs through March 28th features rugs ranging in price from 4,000 to 1.5 million yuan (US$645 to US$240,000).

image credit: donna hoffman

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