FEATURED NEWS ARTICLE
Persian rug sold at auction for record $33.8 Million
A 17th Century Persian rug sold for $33.8m (£21.8m), a sum triple the previous auction record for a carpet, at Sotheby’s auction in New York in June of 2013.
William Clark, an industrialist and US senator from Montana, had bequeathed the carpet and other items to the Corcoran Gallery of Art in Washington DC in 1926.
The Washington DC museum will use proceeds from the sale of that and 24 other rugs to fund future acquisitions….