Persian Rug Sells for Record $4.45 Million

Summary


PROVIDENCE, R.I. - A silk Persian rug dating from the 16th century or 17th century has sold for a record $4.45 million at auction, or about $729.87 per square inch.

The rug was sold by Christie's auction house Tuesday on behalf of the Newport Restoration Foundation. It had been expected to fetch up to $1.5 million.

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Extract


Persian Rug Sells for Record $4.45 Million

The rug, which measures ...

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