I received the appraisal for the quilt that was in the Knoxville show. It has an appraised value of $4500. When I picked up the mail and saw the letter, before getting home and opening it I thought... maybe $1000? At the most? I really can't see someone paying $4500 for a quilt, but then, I've really never looked at the cost of quilts other than simple little ones for a few hundred and the major award winning ones for tens of thousands.
The appraisal also says that this isn't a lifetime value since that can increase with the quilter's reputation and show wins.
That is very interesting as I would like to know the value of a few quilts. Do you have a picture of your quilt? Would love to see it.
ReplyDeleteIt's the one I posted about the Knoxville show.
ReplyDeletehttp://thecasualquilter.blogspot.com/2010/05/my-
quilt-was-accepted-for-knoxville.html
Oh my gosh...that is amazing...did you need some smelling salt when you read what it was apprasied at?
ReplyDeletethat is awesome!
ReplyDeleteI was a bit shocked. Like I said, I thought maybe $1000, at the MOST.
ReplyDeleteReading more it says that is replacement cost: "Replacement cost reflects comparable workmanship and materials." and for quilt makers without a history of sales, reproduction cost is a better market approach in determining value. It is most often a higher value for insurance replacement.