How to Sell Rugs at Auction

sell-rugs

How to Sell Rugs at Auction

Want to Sell Rugs at Auction? Nazmiyal Can Help

Nazmiyal’s auctions are a great place to purchase a special carpet for your home or office, but it is also an excellent resource if you have one or even a collection of rugs that you would like to sell. Perhaps you inherited a carpet or a whole collection of rugs and can’t use them, or perhaps you have one in storage that you have not seen in quite some time. Maybe you are moving and the carpet doesn’t fit into your new space or lifestyle. For whatever reason you no longer want your rug, Nazmiyal is a great place to get a fair price for it.

Why Sell Rugs Through Nazmiyal Rug Auctions?

There are many reasons to consider selling your carpet on consignment through Nazmiyal Auctions. First, we have access to a global marketplace. If you try to sell your carpet yourself, you may not have access to the largest market. Secondly, Nazmiyal has a reputation as one of the largest and most trusted carpet dealers in the world. We have a global reputation for offering unique, vintage carpets that you cannot find anywhere else, and we offer them at prices that are fair. Selling your rugs at our auctions allows you to instantaneously tap into our excellent reputation and established customer base.

Nazmiyal has been in the rug business since 1980 and knows the ins and outs. We know what rug holds its value and what does not. We keep up with the latest trends, and this allows us to give fair recommendations and appraisals to both buyers and sellers. We provide the platform and serve as a neutral third party throughout the process. We have the best interests of both parties in mind.

How Selling Your Rugs at Auction Works

All of our fees are disclosed up front. You know what to expect at the end of the auction. The process of selling your rugs at auctions is streamlined and easy. We are with you every step of the way. It goes like this:

  • We complete a free, no-obligation auction valuation of the carpet.
  • You decide you want to sell your carpet at our auction.
  • You sign a contract and we work with you to get the rug to our Manhattan showroom.
  • We place your rug in one of our auctions. 15 days after we receive payment for the carpet, we will remit the payment to you.
  • Once your rug sells in our auction, you don’t need to do anything other than wait for your payment. We will make arrangements with the highest bidder to physically deliver the carpet, collect the payment, and so forth.

Initial Auction Appraisal of Your Rugs

We have three different ways that you can take the first step in the auction selling process. All evaluations are complimentary and may not reflect the actual selling price of the carpet. You can choose the method that best suits your needs.

Rug Auction Appraisal in Person

Visit us and get an auction appraisal in person. You can visit us and allow us to view the carpet first hand. Please make arrangements ahead of time by calling +1 (212) 213-5776. We are available Monday through Friday during our regular hours.

Online Rug Appraisal For Auction

With this method, you submit images of the rugs you want to sell at auction. If you are unable to visit us in person, we can give you an initial evaluation of the carpet via email at auction@nazmiyal.com. You can fill out our online form and submit the necessary photographs. Please note that auction estimates may change once we inspect the rug in person.

In Home Rug Inspection and Auction Evaluation

In some cases, especially for those that have a large collection of rugs, we may be able to come to your home to evaluate the carpets. This is typically the preferred way if you have an extensive, private collection or a truly rare and high value piece. You may contact our office if you feel that you have a carpet that qualifies. For in home evaluations there may be travel expenses, so please contact us to learn more.

Once you decide to sell at our auction, you just sign the contract. At this point, we take possession of the carpet and will start cataloging it. We take photographs and prepare the item for auction. All commissions and fees to be received by Nazmiyal will be stated clearly in the contract.

During and After the Rug Auction Sale

Once the contract is signed, and the carpet is in our possession, your part is finished. All you have to do is to sit back and wait for us to do the rest. Once the auction is over, Nazmiyal should receive payment from the highest bidder within five days. We will make arrangements to deliver the carpet to the buyer and send your payment to you within 15 banking days of auction close in most cases.

Nazmiyal Auctions makes it easy for you to “re-home” your antique Oriental carpets. We have the expertise and experience to help you get a fair price. We make the process smooth once you decide to sell. Our team of experienced staff is with you from the very beginning through the final payment and delivery. Our reputation in the business and access to a global market is the best reason to consider using us as the broker for your carpet treasure.

Click here to view our auction sellers’ page.

This auction blog was published by Nazmiyal Auctions in NYC.