Persian carpets are in the middle of an ongoing international struggle with tensions growing between U.S. allies, Iran, and trading partners that include China and Russia, but very few antique Persian carpets are actually imported from Iran. The majority of these pieces have been in the hands of western collectors and dealers for the past century.
With the last Iranian carpets legally imported to the United States on September 29th, consumers have the chance to take advantage of this investment opportunity. Antique Persian carpet prices are expected to soar as market competition for fine investment pieces grows and supply dwindles. In an uncertain market with a diminishing supply of antique rugs, savvy investors and knowledgeable consumers have the opportunity to make smart buys on one-of-a-kind pieces at deflated prices.
In the current political climate there is no way of predicting how long the sanctions will last. Given the tensions between Iran and the Western world, it is inevitable that the price of this art form will escalate in the near future.