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The Rich Have Abandoned Rich-People Rugs

Mar 01, 2018 - The New York Times

Even in an increasingly expensive Manhattan, $3.5 million still pays for a lot, like a 2,000-square-foot apartment (without south-facing light) and 12 years of private school for one of the children. But if you’d like to outfit the living room of that apartment with the very finest Persian carpet Jason Nazmiyal is selling out of his Midtown showroom, you’ll need an additional $3.5 million.

For decades, antique Persians, hand-knotted from silk and often taking years or even decades to p...