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UK Floor Cleaning Forum => Carpet Cleaning Forum => Topic started by: Doctor Carpet (Ret'd) on November 29, 2011, 07:09:16 pm

Title: I need your help to value a rug
Post by: Doctor Carpet (Ret'd) on November 29, 2011, 07:09:16 pm: I have a genuine mohair rug, about 70 years old, size about 6x4 feet, and apart from an irremovable stain it's in very good condition. Therefore it will be an insurance claim but I'm having problems working out what its replacement cost may be.

I have my own ideas on valuation but thought I'd ask you gents for some ideas to see if I can build a consensus.

Regretably I need to speak to the client again tomorrow, rather than next week, so I'm hoping you can put your thinking caps on and give me your input tonight.

Thanks in advance.

Rog
Title: Re: I need your help to value a rug
Post by: Paul Heath on November 29, 2011, 08:06:20 pm: picture would help please
Title: Re: I need your help to value a rug
Post by: wynne jones on November 29, 2011, 08:14:11 pm: Quote from: Paul Heath on November 29, 2011, 08:06:20 pm
picture would help please

And of the back ;)
Title: Re: I need your help to value a rug
Post by: wynne jones on November 29, 2011, 08:16:23 pm: The wisdom of crowds theory breaks down on here. ;D
Title: Re: I need your help to value a rug
Post by: elliott cleaning on November 29, 2011, 08:52:01 pm: Ca. £450 if it's Turkish - without the stain ;). Locally woven ones somewhat less
Title: Re: I need your help to value a rug
Post by: Shaun_Ashmore on November 29, 2011, 08:52:11 pm: You could send a pic to these people with a sniff of them replacing it they may get back with a valuation pretty pronto with a well worded email.

http://www.orientalrugshop.co.uk/

Shaun

ps there's also these www.therugcompany.info/request-a-price-list.htm
Title: Re: I need your help to value a rug
Post by: Jim_77 on November 30, 2011, 01:19:46 am: Roger,

Valuing a rug is such a dodgy area to get yourself involved in without the necessary credentials. I certainly wouldn't do it!

It depends how you look at "value"

1) Retail value new - how much you would pay if you walked in to a shop and bought the nearest replacement for it brand new
2) If no exact match, Cost of something of comparable appearance. properties, age, condition
3) Calculate what was paid for the rug minus depreciation over the years (these would almost certainly not appreciate in value in the same way as pre-world war 1 Persian rugs would)
4) Market Value - what money would realistically change hands if the rug were bought/sold on the open market at today's prices.

I'm afraid that you should probably decline from getting involved in this. If it needs valuing it should be left to someone with the necessary appraisal skills. You could end up shooting yourself in the foot in terms of your client's perception of you.

I have the utmost respect for you Roger but asking on THIS forum for people to spit out ideas of prices for something 99.9% of people know absolutely JACK about ??? ???

Best bet might be to give Alan Harrison at Olney Rugs a call, see if he can help out. 01234 712502
Title: Re: I need your help to value a rug
Post by: Mike Halliday on November 30, 2011, 11:07:39 am: might be a bit late but ask the customer what they think the rug is worth and how much they would be happy to receive from the ins' company, if they say £500 then value the rug at that price, ( as long as it not a £45 IKEA rug the price is subjective i think this is as good a way to ascertain its value to the customer