GUEST: I was living in Ankara, Turkey, in the early '70s, and I was looking for a carpet from Van, and couldn't find a carpet from Van, and somebody brought this in, and it was from Bitlis.

APPRAISER: What did you pay for it?

GUEST: If I remember right, it was about $130.

APPRAISER: Well, this is a kilim, which is a flat woven rug done in a tapestry weave. This was made at the turn of the century, so I'd say 1900-1910. And it has natural dyes, primarily, but there are some synthetic dyes. And the very earliest synthetic dyes tended to have issues with fading and bleeding. We can see that the red has bled into the ivory. An as-is value would probably be around $1,000. That said, it would only cost you about $500 to have the bleeding dealt with. And then you've got a piece that's probably worth between $2,500 and $3,000 on the insurance level.

GUEST: Mm-hmm.