Tabriz Rugs: The Charles Wohlstetter Tabriz Carpet Late 19th C Sotheby's Lot 278

Carpets
SALE N08258 LOT 278
SESSION 2 | 14 Dec 06 2:00 PM.
New York
PROPERTY FROM THE COLLECTION OF CHARLES AND ROSE WOHLSTETTER
l - A TABRIZ CARPET, NORTHWEST PERSIA, 40,000—60,000 USD
Lot Sold. Hammer Price with Buyer's Premium: 51,000 USD
MEASUREMENTS
approximately 19ft. 9in. by 12ft. 8in. (6.02 by 3.86m.)
DESCRIPTION
late 19th century
Condition Note: original sides, minor partial ends, scattered spot stains

Charles Wohlstetter was chairman of the Contel Corporation and vice-chairman of GTE. Consolidated a number of independent telephone companies. Pioneer in the cellular telephone business.

From Publishers Weekly
Wohlstetter started his financial career as a runner for a Wall Street firm in 1929 and quickly exhibited his financial acumen by predicting the stock market crash, though few listened. He then became a successful broker, helping J. Paul Getty, Bernard Baruch and Billy Rose make their fortunes. Leaving Wall Street in 1938, he tried his hand at screenwriting in Hollywood but soon found movie people boring and returned to the financial world of New York City. In his long career, he founded Atlas Aircraft (later Cyclohm Motor Corporation) and Continental Telephone, became a real-estate mogul and bought the Racquet Club in Palm Springs, Calif., and a large vineyard, complete with chateau and 600,000 bottles of vintage wine, in France. His chatty, entertaining autobiography is replete with anecdotes about famous people he has known--presidents, financiers and major figures in show biz and the arts--including Carl Sandburg, George Gershwin, Dorothy Parker and Milton Berle. Except for references to common sense and luck, however, he reveals no secrets of his phenomenal financial success. Photos not seen by PW.

I am not looking to buy or sell. I am reviewing this rug to place it in context and to use it as a teaching aid.

Thanks and best wishes,

J. Barry O'Connell Jr.

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