Well, well the results for sotheby's first session are in the book and they are quite surprising.
Never give a sucker an even break, as W.C. Field quipped.
The Ladik-style prayer rug sold for $53,125 including premium and the Konya countrified version made $10,000 including premium.
What this demonstrates is RugDUMB's long-standing infection with certain definitely fallacious ideas, like anything with the moniker 'transylvanian' attached to it should bring big bucks.
Studying the now 53,125$ prayer rug reveals many things -- most obvious is the rote, two-dimensional drawing. This rug is nothing but a lifeless reproduction, while on the other hand the other shows not only that the weaver was not working from a 'model' but weaving from the heart.
RK can't believe this quality was completely overlooked and that infection we mentioned trumped it completely.
This was not the only remarkable result, as number of other substantial prices were paid for mediocre/unimportant weavings as well.
Witness lot 83, a ghastly, boring, amazingly mediocre weaving selling for $17,500.
Our condolences to the new owner...
Mediocre rugs sold for far more than mediocre prices and the only analogy RK can forward is the new car one.
Go to the Ford, Chevy, or any other car dealer. Buy a car for 50,000$.
Drive it out of the dealers lot, put 100 miles on it and then go sell it.
You will lose between 15-40 percent of that 50,000$.
Now RK realizes a car purchase is a bit different than purchasing a 'collector' rug but the analogy is apt.
Buying at auction is dangerous and those who buy rugs like the over-priced 'transylvanian' ladik-style prayer rug, or the 'central Anatolian' prayer rug, are walking on thin ice, very thin ice.
This is RK's opinion and time will tell if we are right.
Any takers for a wager??
PS: The masterpiece Sennah saddle-cover made a measly $5,625.
Hearty congratulations to the new owner, who got the buy of the sale.