Sixfold Increase in Kashan Rug Prices at the Eighth Auction of 1403

In the eighth auction of handwoven rugs held in 1403, the price of Kashan rugs increased sixfold. This auction, which took place on August 15, witnessed a surprising 520% growth from the base price for a three-meter Kashan rug. The initial base price for this rug was two million and five hundred thousand tomans, and it was eventually sold for fifteen million and five hundred thousand tomans. Additionally, the record for the highest base price and the highest final selling price in the eighth auction of 1403 belonged to two Broojen rugs, which were offered at a base price of nineteen million tomans and sold for thirty-eight million tomans.

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