You are here

The world of luxury carpets gets the rug pulled out from under it

Once a must-have for the well-dressed homes of the rich and famous, they are becoming a cliche and cheapened by - gasp - fakes

In a world where the perfect pair of jeans has replaced the ornate Christian Lacroix gown as a status object, there has been a move toward folkloric, less formal carpets. Wool is the new silk.

A 17th-century Persian rug priced at US$3.5 million sits in the foreground at Nazmiyal Antique Rugs in Manhattan.

New York

EVEN in an increasingly expensive New York, US$3.5 million still pays for a lot, like a 2,000-square-foot apartment (without south-facing light) and 12 years of private school for one of the children. But if you'd like to outfit the living room of that apartment with the very...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to