Last Updated on 7/16/2005 by bidz
This is a great one, you have to read the full story:
By Catherine Collins and Douglas Frantz Special to The Times
Sat Jul 16,
“Only a few people in the North Carolina auction room paid much attention when bidding started on Lot 57, described sparingly in the catalog as an 18th century Turkish carpet expected to fetch $5,000 to $10,000.
But that changed as the bids moved briskly past $50,000. Auctioneer Robert S. Brunk, surprised by how quickly his estimate had been passed, deftly kept the interested bidders in view, swinging from one to another. The price moved up in $10,000 increments.
…More significant, he suspected it was the archetype for the carpets that came from the famous looms of Karapinar in the centuries that followed. That would make it almost priceless.”
It eventually sold for $297,000 including a 10% buyers fee.