What is a Rug Rag verification? A Rug Rag item verification reinforces that the item advertised is in fact a hand knotted Oriental Rug. We also act as an independent 3rd party to assess each individual rug at hand, and confirm characterisitcs which the seller may claim. As a consumer, it's difficult to make informed choices with Oriental Rugs, even if it is directly in front of you. Think of Rug Rag verifications as a way to make a more informed purchasing decision prior to ultimately clicking the "buy it now." While our verification services are not fail-proof, they certainly will help the consumer make that much more of an educated purchasing decision. We have several Oriental Rug experts on staff ready to assist customers on an individual level should questions arise. Our Verification Services are reinforced not only with our many years experience in Retail and Wholesale markets, but on the hundreds of hours we log on the Internet each week researching Oriental Rugs and current market values for such items. To evaluate Oriental rugs both New and Used, we have a 20 step check list of which our professionals are well versed on what to look for in photographs. Many of the most notable (and common) problems we identify, the average consumer may not see: even if looking directly at it! Remember, our services are free, and we are an independent reviewer. Use us when questioning the many sellers who offer their own "certificates" which often make exaggerated claims to "Retail Values."
What do these verification "value" categories mean?
We use Fair Market Value (FMV) as the basis for our verification. This is what one would expect to pay today in the current market, at a retail
store, for a given type, quality, or genre of item in a certain
condition.
About our Classifications/value Categories: Our categories set into proportion what one would expect to pay in a retail store versus an online advertised price.
"In line with" FMV may be considered within a range of +/- 14% standard market value, set into relation with a retail showroom price.
"Somewhat Below" FMV, would be an item may be considered within a 15%-24% discount range in relation to a retail showroom price.
"Significantly Below" FMV means an item may be discounted 25%-50% or more off of what would be an expected market value within a retail showroom price. Keep in mind, while selling online can help reduce costs, it is fairly uncommon that an item would be in the significantly below category. This may be a private seller, a importer eliminating the "middle man," a discontinued item, or liquidation good.
Does Rug Rag Verify Every Rug a Seller Submits?
Quite simply, we don't. Often times, there are rugs which we will
reject from sellers for verification due to questionable information
provided, or a price which is higher than what would be expected for
the item at hand. So if you see an item which has not been verified,
be wary! Otherwise, feel free to forward us the link, and we will
personally deliver our take on the item.
To read more about online Oriental Rug assessment, click here.
To read more about Suggested Retail Pricing, click here.