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Record price for Persian rug

June 06, 2008|From the Associated Press

A silk Persian rug dating from the 16th or 17th century has sold for a record $4.45 million at auction, or about $729.87 per square inch.

The rug was sold by Christie's auction house this week on behalf of the Newport (R.I.) Restoration Foundation.

The rug, which measures 7 feet, 7 inches by 5 feet, 7 inches, had been purchased by the late tobacco heiress Doris Duke in 1990. She left it to the foundation when she died. The buyer was not identified.

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