Record price for Persian rug
From the Associated Press
A silk Persian rug dating from the 16th or 17th century has sold for a record $4.45 million at auction, or about $729.87 per square inch.
The rug was sold by Christie’s auction house this week on behalf of the Newport (R.I.) Restoration Foundation.
The rug, which measures 7 feet, 7 inches by 5 feet, 7 inches, had been purchased by the late tobacco heiress Doris Duke in 1990. She left it to the foundation when she died. The buyer was not identified.