Home > BULLETIN >The Story @Christie now Unfolds
Sat, Feb 18th, 2012 06:55:46 AM
Topic: The Story @Christie now Unfolds

World Record Rug Goes to the Court

Some months ago, at christie's rug auction in London a 17th century Pertsian carpet sold for 7 million pounds.

Since then rumors about it, how it found its way to christies and who the possible sellers and buyer were have swirled around like a Texas twister.

Now, according to the following article which appeared yesterday in a German newspaper, it seems the answers to these questions may become public knowledge.

Here is a jpeg of the article with a somewhat rough but easily understandable translation of the german to english text.

More to come, RK is sure, so stay tuned....

AUGSBURG - For the layman, this carpet is probably nothing special: The good piece of material is 3.39 times 1.53 meters tall, to see it are apparently despicable leaf and flower patterns. An auctioneer from Augsburg estimated the Persian rug as well as delicate 900. Months later, an unknown lover flipped out at an auction at Christie's in London no less than around 7.2 million euros for it.

The record proceeds for the most expensive carpet in the world has called the former owner of the plan. The woman from the area Starnberg suing the owner of the Augsburg auction house, because he had not recognized the true value. As of tomorrow needs to clarify the District Court of Augsburg, if the auctioneer can be held liable for his misjudgment and at least a portion of lost profit.

Initially, it was great with the woman from Bavaria, the joy. Because at the auction in Augsburg in October 2009, the heirloom scored over 19,000 - and 20-fold of the prized value, which they benefited. Then the nasty surprise: the carpet ends up in a roundabout way from the 17th Century, made in the Iranian province of Kerman, a carpet merchant in Hamburg.

The former carpet-owner wants to 350,000 euros

Rumor was the man who is charged as a witness in the process, get a tip from an expert. Of the carpet dealers the noble piece comes from the famous auction house Christie's, where it is estimated at several hundred thousand pounds. Indeed, the potential increased boundlessly high and the Persian carpet reached 7.2 million euros. The name of the successful bidder is not known.

From the perspective of the plaintiff side of the Augsburg auctioneer should have realized what a valuable piece to it is. Finally, even in a book of this carpet is shown that there was once owned by the Comtesse de Bhague (1870-1939). The former owner complains initially to around 350 000 .

These are preliminary to a "partial claim", which if successful could lead to a further process.

It is completely unclear, however, whether an auctioneer can be made for the alleged error at all responsible. The second Civil division, with Judge Andrew Dumberger enters legal territory, a similar lawsuit is certainly not the Augsburg Justice announced. Auctioneers Association of the German counterpart of the Augsburg has already received backing. He had done nothing wrong, says his professional association.

Whatever goes down the sentence - it is certain that the procedure will go into the next instance. That would be the Higher Regional Court of Munich.

Author: jc
Sat, Feb 18th, 2012 06:55:46 AM

Seems the lady who sued has lost the case but she is, as we have recently learned, going to file an appeal to have the verdict overturned.

Also we have learned from several usually reliable sources the rug dealer in Hamburg, who consigned the rug to Christies, is supposedly Amin Motemedi.

RK is sure there will be more news on this front, although it will probably not surface for some time.

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