Not a penny less than $350. More like $400.
(and since we're almost at a 1:1 rate, it doesn't matter which currency :roll: ).
Your costs include around 9 yards of fabric, batting, thread.
That's around $100 US (but I'm sure it costs you more in Canada). Call it $130.
Double it for time to make the quilt (which is sometimes used as a standard...I don't know that I agree with it).
If you sent it out to be quilted with a simple design, it would cost around $100. So that's the value of the quilting.
Add some in more....just because. :thumbup:
You also don't want to lowball it because you want the bidding to continue to move up, not stall out at some lower number.