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Old 08-30-2004, 04:55 PM   #569
Greedy,Greedy,Greedy
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Join Date: Mar 2003
Location: Government Yard in Trenchtown
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Oriental Rugs

Quote:
Originally posted by Mmmm, Burger (C.J.)
Anyone bought one? Not the $300 cheapos at Home Depot, but the $500 types that they ask $5000 for at the rug stores that are always "going out of business"

Putting aside the difficulty of determing which shops are the least disreputable, is there a general guide as to how much bargaining room there is? I.e., what's the markup, and how low are they likely to go off of list price? 50%? 75% DC area if it matters, but I assume that since it's retail, they all have similar approaches on prices, like they do on going out of business every 8-12 weeks.
Best way to buy rugs: find a non-rug merchant that is selling rugs while going out of business (e.g., Andersen, Brobeck, etc.) and go to their auction. Chit-chat with people and figure out who the professional merchants are. Bid once after the professionals drop out - in theory, this will let you pay the smallest amount over wholesale possible.

We've done this, and generally spent a very small fraction (like 3 or 4%) of what our rugs have been appraised for. (I know, I know...)


Also, Appropos of Nothing, some time ago I deleted all the names on my IL, but lately I'm finding there's a role for the IL again.
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