Are rugs becoming the new must-have art objects?

Tapestries once had a place of honour in fine art, but that was during the Middle Ages and the Renaissance. Oil paintings, for a time, were viewed as the poor man’s tapestry. Now, that equation may be turning round.

‘Tapestries serve a lot of purposes,’ said Donald Farnsworth, president of Magnolia Editions, which has produced tapestries for artists such as Chuck Close, April Gornik, Alex Katz, Ed Moses, Gerhard Richter, Kiki Smith, William Wiley and others.