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Monday, July 26, 2010

Quilt appraisal

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.


  1. 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.

  2. It's the one I posted about the Knoxville show.

  3. Oh my gosh...that is amazing...did you need some smelling salt when you read what it was apprasied at?

  4. I was a bit shocked. Like I said, I thought maybe $1000, at the MOST.

    Reading 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.