Nazmiyal Auctions

- 31 E 32nd St Floor #2, New York, NY 10016

For discerning New York City collectors, interior designers, and homeowners, the acquisition and disposition of high-value decorative arts is a critical financial decision. Nazmiyal Auctions, a specialized establishment deeply rooted in Manhattan, transcends the typical retail model by serving as a central hub for the valuation, finance, and trade of exquisite antique and vintage rugs and carpets. While the common perception of 'finance' might lean toward banks and investment firms, an auction house like Nazmiyal represents a vital segment of the financial market: the valuation, liquidity, and asset management of tangible luxury goods. Operating as an auction house, a recognized appraiser, and a consignment shop, Nazmiyal provides a necessary, transparent, and structured platform for both buyers and sellers in the complex world of fine textiles.

Since its founding in 1980, the business has cultivated an international reputation, yet it maintains a strong, local New York presence, offering personalized service to clients seeking to invest in, divest from, or simply furnish their residences with pieces of genuine quality and historical significance. The company's expertise spans an incredible range, including highly sought-after Persian, Turkish, Caucasian, and Oriental rugs, as well as unique vintage and mid-century examples. The finance aspect is inherently built into the auction model, where fair market value is determined dynamically through competitive bidding, ensuring that sellers receive a fair price and buyers have the opportunity to acquire heirloom-quality rugs often at a better value than traditional retail.

Customer testimonials consistently praise the organization for its commitment to transparent descriptions and accurate photographic representations, which is paramount in the auction world. As one long-time customer notes, "The descriptions are honest and I've found them helpful," and the bidding is "professionally managed." This high standard of integrity is the foundation of the trust required to conduct high-dollar financial transactions in the antique market.

Nazmiyal Auctions is conveniently situated in the heart of Manhattan at 31 E 32nd St, Floor #2, New York, NY 10016, USA. This central location in Midtown offers unparalleled accessibility for clients coming from all parts of the five boroughs and beyond. Its position on East 32nd Street is highly accessible via major subway lines and commuter rail links into Penn Station and Grand Central Terminal, making in-person consultations, viewing, and physical pick-ups highly feasible for busy New Yorkers.

Recognizing the high cost and scarcity of parking in this commercial district, the location is served by several Paid Parking Garages and Paid Parking Lots, in addition to Paid Street Parking options. This acknowledges the reality of transporting valuable goods or simply needing convenient vehicle access in the city. Furthermore, the commitment to inclusivity and accessibility is clear with the provision of a Wheelchair Accessible Entrance and Wheelchair Accessible Restroom, ensuring that all clients can comfortably engage with the business's services and its valuable collection. The presence of a Gender-Neutral Restroom further underscores their commitment to being an LGBTQ+ friendly and Transgender Safespace.

As a diversified marketplace for antique and vintage textiles, Nazmiyal Auctions offers a suite of integrated services critical for both the purchase and sale of valuable rugs and decorative items, solidifying its role as a financial facilitator in the arts market.

• Expert Rug and Carpet Auction Services: Conducting regular online and live auctions featuring rare, antique, vintage, and modern rugs sourced from exclusive estates and private collections, providing a platform for acquiring pieces at competitive market values.
• Professional Appraisal Services: Offering various types of valuations, including insurance/replacement value, donation appraisals, auction appraisals, and retail value determination, performed by seasoned experts who assess age, origin, condition, and current market demand.
• Consignment Shop Services: Facilitating the sale of clients’ rugs through consignment with transparent, upfront fee disclosures. The service often includes Nazmiyal covering upfront costs for necessary cleaning or restoration to maximize the sale price.
• Rug Store and Gallery Access: Maintaining a physical gallery and showroom for private viewings and in-store shopping, allowing New York buyers to personally inspect the high-quality craftsmanship of potential investments.
• Antique Furniture Restoration Service: Complementing their textile expertise with the restoration of antique furniture, providing a holistic solution for collectors of decorative arts.
• Flexible Logistical Support: Providing essential services for urban clients, including Curbside Pickup, Delivery, In-store Pickup, and Onsite Services, to manage the complex logistics of moving high-value, large-format items within the city.

Nazmiyal Auctions stands out in the competitive New York antique market due to several key features that enhance the client experience and build trust, crucial components of any financial transaction involving art and antiques.

• Unmatched Expertise and Inventory Depth: The organization's four decades of experience as a premier Persian and Oriental rug dealer translates into an unparalleled ability to curate and evaluate rugs, allowing them to "set the market" in terms of taste and selection.
• Seller-Focused Consignment Process: Nazmiyal streamlines the process for sellers, offering complimentary auction valuation, handling all cataloging and photography, and providing payment within a short, specified timeframe after auction close and payment clearance.
• Buyer Transparency and Support: They provide detailed condition reports and high-resolution photographs, along with expert staff assistance, ensuring buyers make informed purchasing decisions, minimizing risk in a fast-paced environment.
• Diverse Bidding Options: Clients have flexibility in participating in auctions via in-person bidding, telephone bidding (staff-assisted proxy), or by leaving absentee bids, accommodating various schedules and comfort levels.
• Inclusive and Accessible Environment: Amenities like Wi-Fi and the aforementioned accessibility features (wheelchair access, gender-neutral restroom, LGBTQ+ friendly status) ensure a welcoming, modern, and professional experience for all clients.
• Value Proposition: By utilizing the auction model, the company frequently offers quality items, many without reserve, at competitive prices, making luxury, investment-worthy rugs more accessible to a wider New York audience.

For clients looking to engage in a financial transaction—whether buying, selling, or appraising—with the experts at Nazmiyal Auctions, the following contact details are provided.

• Address: 31 E 32nd St Floor #2, New York, NY 10016, USA
• Phone: (212) 545-8029
• Mobile Phone: +1 212-545-8029

Choosing Nazmiyal Auctions is a choice for integrity, expertise, and maximized financial returns in the specialized field of antique textiles. For a New York property owner, the decision to invest in an authentic, high-quality antique or vintage rug is often viewed as a tangible, usable asset that adds significant aesthetic value and may appreciate over time. Nazmiyal provides the critical financial infrastructure for this investment.

Unlike general marketplaces, this auction house focuses exclusively on rugs and related antiques. This singular focus ensures that their appraisals are accurate, their descriptions are truthful, and their curated inventory represents the best value in the market. The high recommendation from previous buyers, who stress the accurate descriptions, quality of the rugs, and overall value, speaks volumes about the firm's honest practices. When navigating the fast-paced, high-stakes auctions, buyers are guided by the knowledge that the auctioneers are professionally managed and the provided information is reliable. For selling, the consignment model simplifies the entire divestment process, turning a luxury asset into liquid capital with clear commission structures and rapid payment. Nazmiyal Auctions is not just a store; it is a financial partner for the preservation, valuation, and transaction of fine textile art in New York City.

Nazmiyal Auctions

31 E 32nd St Floor #2, New York, NY 10016, USA