A Persian carpet decorated with swirling vines and vibrant flowers that was stored for decades by the Corcoran Gallery of Art sold Wednesday [June 5th, 2013] for more than $30 million. That sum, fetched at a Sotheby’s sale, shattered the previous record for rugs sold at auction. But it won’t help the struggling Washington gallery overcome its financial woes because the money must be used for future acquisitions, not to help the bottom line.
Read More: Clark Sickle-Leaf Carpet Breaks World Record at Sotheby’s
See also: The Clark Sickle-Leaf Carpet Sets a New World Record at Sotheby’s