These are some of the reasons that you may need a Professional Appraisal for your rugs:
1. Documenting the value of the rugs for estate purposes
2. Insurance claim for damaged or lost rugs
3. Tax deduction document for donating rugs to charities
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Documenting the value of the rugs for estate purposes
Often vintage family rugs are handed down from one generation to the next with no documentation. To better understand what you have inherited and get an updated value for estate purposes, you would need a Professional Appraisal Document.
2. Insurance claim for damaged or lost rugs
This is for you to properly insure your rugs so that you have a document in case of an incident when the rug is damaged or lost. You will need a professionally done appraisal document to submit to your insurance company as part of your claim.
3. Tax deduction document for donating rugs to charities
Sometimes, donating your rugs to a legitimate charity organization might be one of your options. You may be able to get a tax deduction by donating your rugs to a charity. In most cases, you will need a professionally prepared appraisal as part of your tax filing.
Appraisal Process:
We examine & evaluate each rug to determine its age, condition, uniqueness, material, where was it woven, and the quality of workmanship. Based on those elements, we determine an “insurance and/or replacement” value. We can do this examination by scheduling an "In-Person Appraisal" at our gallery. In some cases, it may be necessary or more convenient to schedule a "Virtual Appraisal”. In that case, the client will provide multiple photos, and dimensions, state any damages or repairs, and the overall condition of the rug which we will use in the appraisal. We will state in the appraisal document that this was a “Virtual or Remote Appraisal” and is based on the information that was provided by the client.
Here are some of the comments our clients have left regarding the appraisals we have done for them:
Tina C. (November 2021): "I needed to get a valuable Persian silk rug appraised for insurance purposes. I searched online and found The Persian Knot which had great online reviews. They did not disappoint. I called and was able to bring my rug in the same day. Mostafa examined the rug in detail and was extremely knowledgeable, teaching me many things about the rug. He then wrote up the formal appraisal which I was able to send to the insurer to be reimbursed for the flood damage to the rug, and I received the full reimbursement. Thank you, Mostafa! I would highly recommend his services and his Persian fine rug gallery."
Lilyann S. (October 2021): "Let me start by saying Mostafa is incredibly knowledgeable, kind, honest and a delight to work with. He provided a wealth of information about Persian rugs that my grandmother brought back from Iran in the early 70s. My sister and I called several dealers in the city looking to get an appraisal. Not one took the time to ask questions about the rug. The estimates for the appraisal were on average 3 times the amount Mostafa charged. Mostafa went above and beyond by providing detailed information about the rug we had appraised. He is amazing! I highly recommend doing business with him!"
Veronica M. (July 2021): "We enjoyed working with Mostafa. His knowledge of our rug (a small Persian rug that had been tucked away after many years) and the dramatic difference his service provided with cleaning and repairs helped reignite our appreciation for its craftsmanship and beauty. Mostafa reminded us that it is an item that, with commonsense care, is meant to be cherished and used. It now has been given pride of place in our home. Thank you, Mostafa!"
Mike B. (April 2021): "Mostafa is very knowledgeable, helpful, and responsive. If you are looking to get an appraisal, I highly recommend Barrington Fine Rug Gallery."