STUTTGART, GERMANY — A total result of $425,000 was reached on March 25 by a special auction of rugs and carpets and ethnographic art conducted by Nagel Auctions.
The auction’s highlight, an imposing Medallion Ushak from the mid-Eighteenth Century rose from its estimate of $40,000 to reach $65,800. Formerly part of the private collection of the reference author on carpets, J. Iten-Maritz, the West Anatolian piece went to an Italian bidder.
With unusual color and ornamentation, a Caucasian rug from a south German private collection dating to 1240 surpassed its estimate of $2,000 by a multiple and went to a German collector couple for $38,400.
A good result was once again achieved by the ethnographic part of the auction. Particularly appealing was an array of antique glass, and a Damascus pottery tile border from the Sixteenth/Seventeenth Century, as well as a Persian gouache painting of an eagle fetched $11,000 each.
Prices reported have been converted from euros to US dollars and include the buyer’s premium. For information, www.auction.de or +49 711 64969404.