Go Back  Quiltingboard Forums > Main
What value would you list? >

What value would you list?

What value would you list?

Thread Tools
 
Old 09-21-2011, 10:57 AM
  #1  
Member
Thread Starter
 
Join Date: Jul 2011
Location: Houston, Texas
Posts: 40
Default

Sorry I posted this under pictures and I guess should have posted here, sorry for the double post. I wanted to know what value I should list for the quilt below. It is approx. 60 x 80 large throw and has hand stitched counted crosstitched in some of the blocks. It is being donated and will be part of a raffle for the Houston Food Bank. I have only been quilting for about 1 1/2 years and only been on this board since July so I need help!
Attached Thumbnails attachment-260176.jpe   attachment-260177.jpe   attachment-260178.jpe  
Cindysue2 is offline  
Old 09-21-2011, 11:02 AM
  #2  
Super Member
 
RenaB's Avatar
 
Join Date: Jun 2011
Location: Georgia
Posts: 1,130
Default

I am new at quilting too so I have no idea on values but wanted to let you know the quilt is super cute!!
RenaB is offline  
Old 09-21-2011, 11:03 AM
  #3  
Super Member
 
Join Date: Aug 2010
Location: Houston, TX
Posts: 3,955
Default

Originally Posted by RenaB
I am new at quilting too so I have no idea on values but wanted to let you know the quilt is super cute!!
me too, courious to know as well.
butterflies5518 is offline  
Old 09-21-2011, 11:04 AM
  #4  
Senior Member
 
Join Date: Dec 2010
Location: Martinsburg, WV
Posts: 410
Default

Have no clue on value either. It sure is adorable and for a great cause. Cudos to you!
mymsmess is offline  
Old 09-21-2011, 11:05 AM
  #5  
Super Member
 
LyndaOH's Avatar
 
Join Date: Jun 2011
Location: northwest Ohio
Posts: 1,202
Default

I believe for tax reasons you can only include the costs of the materials. It would depend if you need the value for the tax deduction or for other reasons.
LyndaOH is offline  
Old 09-21-2011, 11:08 AM
  #6  
Member
Thread Starter
 
Join Date: Jul 2011
Location: Houston, Texas
Posts: 40
Default

The reason is not for tax purposes. For all the raffles we list on the information sheet what the value is if it was purchased new.
Cindysue2 is offline  
Old 09-21-2011, 11:10 AM
  #7  
Power Poster
 
MamaBear61's Avatar
 
Join Date: Dec 2009
Location: Milverton, ON, Canada
Posts: 13,209
Default

If you are looking for a retail value for purpose of the raffle, I would go to etsy and look for quilts of similiar size and work involved and do an average of the selling prices you see listed. It is not a perfect method but it will provide something for you to base on valuation on.

The quilt is very cute and I hope the raffle raises lots of money.
MamaBear61 is offline  
Old 09-21-2011, 11:44 AM
  #8  
Senior Member
 
Join Date: Jun 2011
Location: Magnolia, KY
Posts: 876
Default

At least $250
Pam Riggs is offline  
Old 09-21-2011, 11:57 AM
  #9  
Junior Member
 
TheSevenYearStitch's Avatar
 
Join Date: Aug 2011
Location: Norman, OK
Posts: 205
Default

Value is tricky, but I've heard a lot of people say it should be cost of materials X 3 or 4.
TheSevenYearStitch is offline  
Old 09-21-2011, 12:07 PM
  #10  
Banned
 
Join Date: Jan 2011
Posts: 887
Default

Are you asking value for selling it or charity donation on taxes for donating. If for taxes for can only claim the cost of materials. Labor you perform is not considered a charity donation. Wish it was I donate 10-12 quilts per year.
Zhillslady is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Danny123
For Vintage & Antique Machine Enthusiasts
16
02-23-2018 12:19 PM
letawellman
For Vintage & Antique Machine Enthusiasts
8
03-10-2016 02:14 PM
craftybear
Links and Resources
4
04-07-2011 04:41 PM
craftybear
Links and Resources
0
01-29-2010 08:58 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



FREE Quilting Newsletter