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April 30, 2008

Claremont Rug Company Announces Additional Hudson River Valley Collection

Gallery Adds 65 Investment Level Carpets To "Once-in-a-Lifetime" Sale

Oakland, CA-April 30, 2008- Jan David Winitz, founder and president of Claremont Rug Company, today announced a significant extension of the Hudson River Valley Collection inventory, referred to on Forbes.com as "one of the most significant single acquisitions of art-level antique rugs from a private source in the past decade."

The first phase of the collection, 225 19th century Oriental carpets, was acquired from an undisclosed, retired Wall Street financier whose primary residence was in the Hudson River Valley of New York.

"I am delighted to report it is creating quite a stir among both American and European connoisseurs," Winitz said.

"And now, his sister, also a lifelong collector, has offered us 65 consummate quality pieces she has collected. She was extremely pleased both with our transaction with her brother and by the reception from our clientele for his collection", Winitz said.

Characterized by Winitz as a veritable "mother lode" of rare rugs, the first portion of the Hudson River Valley Collection was a "broad canvas" of carpets.  The sister’s collection emphasizes area-size rugs and contains many highly collectible pieces.  

"Her rugs are so awe-inspiring that she hung many on the walls like paintings," he noted. The collection also includes room-size antique carpets from her two residences. 

"As with her brother’s collection, her cache contains a series of once-in-a-lifetime, museum-level works of a caliber that virtually never come to market," said Winitz.  One example, a Bakshaish Camelhair Long Rug dating to the second quarter of the 19th century "presents a one-in-the-world use of archetypal designs and artful asymmetry.

"Her room size Ferahan Sarouk inscribed with a date corresponding to 1804 A.D. and signed ‘Masterwork of the Delmaghani family,’ features an unfathomable level of preservation at over 200 years old," he said.  "This monumental work of woven art demonstrates the pinnacle of craftsmanship and reaches a profound artistic height achieved very occasionally, even in such early pieces."

Winitz, an internationally recognized authority and author, has been acquiring museum-level carpets for more than three decades.  "The depth and quality of both Hudson River Valley collections is utterly astounding," he said.

"The two generations of this family have been very serious, major collectors of this art form over a 50-year period and I have tremendous respect for how exhaustive and uncompromising they were.  Both the brother and the sister inherited masterworks from their parents’ massive collection and strategically supplemented them with many important purchases of their own.  Several of the rugs are of a caliber that has been unseen in the international market for decades." he said.

Claremont Rug Company was founded by Winitz in 1980 and is internationally recognized for its extensive collection of art-level antique Oriental rugs.

 

 

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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REUTERS.COM - "Claremont Rug Company Holds Globally Significant Exhibition… Rare, 19th Century Caucasus Rugs" (12/17/07)
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FORBES.COM - "Claremont Rug Company Acquires “Mother Lode” Collection of 19th Century Art Carpets" (2/12/08)
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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"