Why has the price of Iranian Persian carpets dropped significantly lately?
Keith asked:
I paid $500 for medium quality 4×6′ hand woven wool carpets 5 years ago. On EBay, they now go for $250.
Has the market been flooded with the carpets or has interest in them dropped or is there too much competition from Turkey and India?
The carpets are from Iran, 100% wool and hand woven. No doubt about that.
The question is simply this: has the price dropped?
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It’s very doubtful that the $250 rugs are true Persian rugs.
There’s a lot of polypropylene (Olefin) fiber, Persian lookalike rugs on the market these days. A true Persian rug’s fiber is wool.