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
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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 finest Persian carpet Jason Nazmiyal is selling out of his Manhattan showroom, you'll need an additional US$3.5 million.
For decades, antique Persians, hand-knotted from silk and often taking years or even decades to produce, were the gold standard of floor coverings for the swank, the sine qua non of Oriental rugs.
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