In the News

Financial Times

February 12, 2008

Claremont Rug Company Acquires “Mother Lode” Collection of 19th Century Art Carpets

200 Rugs Include Masterpieces; Exhibition Opens March 1

OAKLAND, Calif.-- Jan David Winitz, founder and president of Claremont Rug Company, today announced one of the most significant single acquisitions of art-level antique rugs from a private source in the past decade.

The collection will be available, starting Saturday, March 1 at the Claremont Rug Company showroom in Oakland.

The international investor and author said, “It feels like striking the Mother Lode. Many of the rugs are unique from any others that I have seen in my more than 30 years of investing. It is rare that a collection of this caliber becomes available and we were honored that it was offered to us.”

The collection was acquired from a Wall Street financier who wishes to remain
anonymous. His primary residence was in the Hudson River Valley in New York.

“The range of carpets is astounding and was put together over a 50-year period,” Winitz said. “It contains extraordinary examples of all of the most important Near Eastern weaving styles from throughout the 19th century as well as some first-rate circa 1900 pieces.”

Included in the more than 200 pieces is a 15x21 Tabriz masterwork from the workshops of renowned Hadji Jallili. “It is one of the finest examples from this central carpet designer that we have ever seen, and is in nearly perfect condition,” Winitz said. “We believe that it took a team of about 15 weavers upward of a decade to complete. It represents a monumental artistic and technical accomplishment.”

Another piece of a magnitude that has not appeared on the international market in this generation is a 200-year Persian Bakshaish, measuring 12x19, with an early archetypal rendition of the important “Dragon and Phoenix” motif.

Included in the collection are rare tribal rugs as well as village and classical carpets, including a “superbly preserved,” circa 1800 Karabagh from the Caucasian region with a one-in-the-world design and color palette. This 8x11 piece is also unusually large size for this style.

A wide selection of the pieces will be displayed throughout Claremont’s three-showroom gallery. There will also be a special section with a sampling of the rugs available on Claremont’s web site, www.claremontrug.com).

A world-recognized connoisseur and author, Winitz recently delivered two globally significant, invitation-only lectures about the rugs from the Caucasus Mountain region.

“We have a truly singular position in the antique rug market,” Winitz said. “When divesting a life-long collection, connoisseurs are as interested in ensuring that the rugs are made available to other aficionados who will truly appreciate them as they are in the economic aspects of selling. For instance, in this case, knowing that we present rugs as works of art to a clientele of connoisseurs and lovers of beauty, the collector came to us exclusively.

Now in his 80’s, the anonymous seller said, “the rugs in my collection are my dear old friends.... My first desire is for them to go to people who will appreciate them and benefit from them as much as I have.

“My late wife and I literally put them in every nook and cranny of my houses — on the walls, draped over banisters, on table tops, in pantries and dressing rooms,” he said.

“We even draped several over furniture like in the old Dutch paintings.”
Winitz, who maintains a substantial private collection of his own, said “if we didn’t maintain a strict policy of offering to our clients all the rugs that we acquire through the corporation, I would definitely keep a number of them for myself.”

All of the rugs in the collection will be available for viewing and purchase, starting at 10 a.m. on March 1 at the Claremont Rug Company, 6087 Claremont Avenue in Oakland.

 

Also see:

FINANCIAL TIMES - "Treasures You Purchase to Hold on to" (3/29/08)
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MARKET WATCH / THE WALL STREET JOURNAL - "Global Leap in Best Antique Rugs as Major Works of Art " (7/14/08)
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MARKET WATCH / THE WALL STREET JOURNAL - "Domestic and International Connoisseurs Embrace Antique Rug Sales Event in “Next Frontier of Art Investing” " (6/2/08)
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THE MERCURY NEWS - "Rare rugs" (5/30/08)
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YAHOO FINANCE - "Claremont Rug Company Announces Additional Hudson River Valley Collection " (4/30/08)
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REUTERS.COM - "Claremont Rug Company Holds Globally Significant Exhibition… Rare, 19th Century Caucasus Rugs" (12/17/07)
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FORBES.COM - "Increasingly Savvy Clients and Decreasing Availability Combine with Internet To Create Perfect Storm in Rare Rug Market" (10/24/07)
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MORNINGSTAR.COM - "Demand for Antique Carpets and Rugs Expands While Availability is Reduced" (9/16/07)
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FORBES.COM - "Leading Antique Carpet Dealer Cites Boom in Internet Sales" (9/5/07)
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WORTH MAGAZINE - "Masterpieces Underfoot "
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CALIFORNIA CEO - "Putting Out the Red Carpet: The Claremont Rug Company has woven a close relationship with its customers thanks to a wise use of the Web."
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CIO Magazine - "Carpetbaggers: The Claremont Rug Co., purveyor of antique carpets made centuries ago by Southwest Asian nomads, has benefited doubly from the great leap forward to the Internet."

FINANCIAL TIMES - "How To Spend It: East bay passions. The sit-ins are long since over, says Holly Finn, but Berkeley has plenty to shout about...The Claremont Rug Company - one of the world's best sources of antique carpets - is here."
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SAN FRANCISCO CHRONICLE - "Art At Your Feet: Antique or copied oriental rugs express their weavers' inspirations"
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OAKLAND TRIBUNE - "Web Helps Rug Store Clinch Sales"

BEL AIR ARTICLE - "What Hotel Bel Air (Beverly Hills, CA) says about Claremont Rug"