Preliminary identification

Persian Pictorial 'Katyusha' Banknote Rug

Photo reference

1 uploaded photo

Overview

A fascinating hand-knotted pictorial rug replicating the famous Imperial Russian 1910 100-Ruble banknote featuring Empress Catherine the Great. Known affectionately as the 'Katyusha' note, this design was woven by Persian artisans who translated the complex engraving of paper currency into a rich, wool textile.

Story

In 1910, Russia issued its largest banknote, featuring Catherine the Great. Decades later, Persian weavers immortalized this symbol of wealth, creating a tactile crossover of currency and textile art.

Maker / Origin

While the specific workshop is unidentified, this rug belongs to a highly specialized tradition of Persian pictorial weaving (Tafrih). Weavers in urban centers like Tabriz and Kashan challenged themselves by translating complex, non-traditional graphic designs—from European paintings to foreign currency—into hand-knotted wool.

Condition & Value

The rug appears to be in very good vintage condition with even pile wear and intact selvages. There is some minor, expected fading to the field color which actually enhances its resemblance to an antique paper banknote. Excellent preservation of the fringe and borders keeps the value toward the higher end of the range.

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Sold comps, value drivers, and venue guidance pulled from recent auction results.

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Market Analysis

Comparable demand stays strongest where maker, originality, and venue confidence line up. Broader examples still trade, but the range tightens quickly when provenance, condition, or selling lane fit is missing.

Value Drivers

  • Strong maker attribution with credible period details
  • Better-than-average condition for the category
  • Broader demand rises when presentation and finish feel intact

Concerns

  • Decorative-only demand limits the ceiling
  • Surface wear or missing provenance can compress the range fast
  • Regional sale lanes often underperform specialist venues

Best Venue

Specialty auction or a focused dealer with buyers already in this lane.

Comparable Sales

5 comps
Regional auction· Jun 2024
$1,280

Signed example with light edge wear and original frame.

Dealer archive· Mar 2024
$1,450

Comparable format with stronger provenance and cleaner surface.

Marketplace sale· Jan 2024
$980

Smaller related piece with visible craquelure and trimmed margins.

Estate platform· Oct 2023
$1,150

Period match with softer condition and weaker subject matter.

Auction result· Aug 2023
$1,375

Close market lane comp with similar material and presentation.