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Abrahams Celebrate 37th Year of Business

February 20, 2011 — HOUSTON: Abraham of Abrahams Oriental Rugs celebrated 37th year of their business and also the grand opening of the new showroom located on the 1st floor of the prestigious decorative center, 5120 Woodway Drive Ste 180, Houston 77056.

The event was also a kick off party of the Houston Symphony Ball 2011.

Many interior designers, who are long time supporters of Abrahams, as well as hundreds of Houston Symphony patrons and board members joined the celebration. Over 300 guests enjoyed wine and h’orderves during the occasion.

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As Antique Rug Values Skyrocket – Abrahams Oriental Rugs is Expanding

October 15, 2010 — Collectors until recently were more interested in paintings than antique rugs. That is changing. Prices are considerably increasing for rugs over 100 years old. The value of most antique rugs has gone up 200 to 300% over the past 10 years. Christie’s recently auctioned a rug that went for $9.6 million up from its original value of $4.3. Why? It can take up to 3 years time to make a single rug and requires great discipline — the skill is simply going away. What’s driving up the value of these rugs? Two things: A ban on all Iranian imports, to include Persian rugs took effect September 29, 2010. Persian rugs will no longer be allowed in the US. Of all the oriental rugs, the Persian rug has been the most coveted and sought after for the past 20 years. And two, hand made rugs is a dying art. The newer generation’s interest in weaving is becoming less and less.

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