Originally Posted by
Tartan
I would do some research on how expensive fabrics and quilting has gotten. Someone posted on QB the actual price of making a quilt and it is substancial. Can anyone one make a living at selling quilts today? Then look at some of the big prizes that expert quilter's can get for a prize winning quilt at a big show. Those people are the few super talented ones and not the general public. (at least not me) I know quilting isn't all about making money but since it's an accounting course, I would think that could be the angle to go from.
A good example ... the quilt that sold in Australia fo $70,000 (approx) ... how was the price created?
The quilter put the quilt in a show, and one of the requirements was to put a "for sale" price on all entries. She valued it, with a guesstimation of the # hours work she'd put into it. And yet, knew that in reality she was low on the hours. Then she went with her $/hour ... and came up to $80,000. Not at the show, but later, she had an inquiry, and the sale price was established.
Yes it was a show piece of incredible work. And the price was the highest ever paid for a quilt.
The quilter was overwhelmed ... but knew that she was being paid well enough, that she could part with the quilt!
Most will never see quite that return for their work!