This is the rug! Photo courtesy Corcoran.

One lunatic with way too much money anonymous person spent over $33 million on a Persian rug sold at the Corcoran Gallery of Art’s carpet and rug auction held in New York City this week.

The rug was estimated to sell for between $5 and $7 million, according to Sotheby’s. The Clark Sickle-Leaf Carpet, which had been exhibited at the Corcoran several times between 1948 and 2008, was purchased by an anonymous bidder for $33,765,000 after the buyer’s premium.

This is the most money anyone has ever spent on a carpet at an auction, according to the Associated Press. The previous record price was $9.6 million, which all of the sudden feels totally reasonable.

According to the Post, the auction of 25 rugs and carpets should was expected to net the Corcoran about $6.7 million. The actual net is unknown, since Sotheby’s doesn’t disclose its contractual arrangement with sellers.

As the paper points out, the auction is good news for the cash-strapped Corcoran, which will use the money to buy more art.

Peggy Loar, interim director of the Corcoran, said in a statement she’s “absolutely thrilled with the results” of the auction.

This post was corrected to reflect the buyer’s premium and the Corcoran’s net from the auction.