Every rug offered for sale on EndemigoAuction.com is first meticulously evaluated by independent experts in their field. As a result of these evaluations, an "estimated value range" is determined in accordance with international norms, based on the artistic, craftsmanship, and historical qualities of the item. This estimated value represents the approximate exchange value the item can achieve among collectors in the market.

 

💡 Why are some items opened for sale far below their estimated value?

Endemigo sometimes opens an auction for an item with an estimated value of, for example, ₺10,000 - ₺12,000 (approximately $300 - $370) at a striking starting price of ₺3,000 (approximately $90). This is done to increase collector interest, raise awareness of these cultural heritage pieces among more people, and strengthen the dynamism of the system.

 

Additionally, from time to time, the rug wholesalers and collector suppliers Endemigo collaborates with may consciously offer their items for sale below market value. They do this to ensure faster turnover of their inventory, reduce shelf life, stimulate the market, and increase demand. This approach creates a significant opportunity for buyers.

 

🧬 Every Rug is a Unique Work of Art

Especially collectible and antique Turkish rugs are considered "One Of A Kind." Even examples referred to by the same name differ in terms of motif, color, texture, and workmanship. For example, each "Zile Rug" or "Megri Rug" is unique. For this reason, the price of such works is shaped not only by objective valuation but also by the mastery of its creator, the opinion of the collector offering it, and the passion of the buyer. In other words, the person who owns such a rug has the right to ask for the value they deem appropriate, because that work will ultimately belong only to them in the world.

 

This is where creators and experts come in. At Endemigo, every item not only undergoes expert appraisal but is also evaluated by a creator within its cultural and aesthetic context. Creators establish their catalogs as a result of detailed auction negotiations with suppliers. They not only select items of high artistic value but also strive to ensure that these works enter the auction at the most favorable prices possible. This is one of the most important factors that allows many items presented in the catalog to go to auction far, far below their estimated values.

 

This way, new collectors get the opportunity to acquire extraordinary works, while existing collectors can refresh their collections by offloading items they own. Items change hands in this manner. For example, imagine an auction of 150 pieces featuring items from more than 30 different suppliers. Thanks to an open and fair auction system, suppliers whose items are sold can also purchase items from other suppliers. This creates a natural and dynamic transformation among collections.

 

⚖️ What is Estimated Value? What's the Real Value?

There's an important distinction here: rugs are evaluated according to two main approaches:

 

Labor Value Approach:

Even just 1 m² of a hand-woven rug takes approximately 1.5 months for skilled hands to complete. When materials, pattern knowledge, historical layers, and artistic originality are added to this labor, the value per square meter can easily exceed ₺100,000 (approximately $3000). However, this does not mean that collectors will always pay this price.

 

Subjective (Supply-Demand) Value Approach:

The current visibility of the rug in the market is determined by demand. If there's high interest among collectors, it can go well above the estimated value; if not, it may find a buyer below it. This is not a loss of estimated value but a movement of instantaneous market values.

 

🛒 What is the "Buy It Now" Option For?

Another service offered by Endemigo is the opportunity to purchase directly at a "Buy It Now" price through endemigo.com. This price is generally set based on the lower end of the estimated value range. During auctions, a promotional "Buy It Now" value even lower than the estimated value may be set. It offers a safe, fast, and practical alternative for users who do not wish to participate in the auction.

 

💎 Works with Undeterminable Estimated Value

For some rare items, such as works whose historical or artistic value could be ₺300,000 (approximately $9207.00 USD) and much higher, a fixed estimated value range cannot be provided. These works are only defined by their "minimum value," as their values can reach very high levels depending on the competition among buyers.

Consequently, when you consider an item to be both "one of a kind," very special and high quality, old, and highly sought after, it would be unfair to put a fixed "Buy It Now" price on it. Such items do not have a "Buy It Now" option. Endemigo's mission is to ensure that these cultural heritage items receive the respect they deserve.

 

👁️ Principle of Transparency and Trust

Endemigo conducts its valuation processes with independent experts and creators. The price of no item is artificially inflated or devalued. Our auction system is designed with the dual purpose of preserving cultural heritage and offering accessible opportunities to buyers.

 

Every rug is more than just an item; it represents a story, a craft tradition, and an aesthetic understanding. Our priority is to deliver this heritage to you with the respect and transparency it deserves.