I dont sell my quilts, I get asked a whole lot about them though. I generally start off by saying "anything bigger than a bread basket you can guarantee the materials cost is between $150-$300 and then I consider my labor to be skilled labor which goes for about $20/hr, most quilts will start at 20hrs up to 80hrs to complete"
They usually get a glazed look on their face, I tell them if I am putting any more than 2-3hrs into something, I am going to use top shelf materials otherwise it is a waste. And my time is important. With that being said, I dont get any requests for my quilts. I dont mind at all.
I have noticed there are 2 types of people who look for hand crafted items. Those that value the work/skill put into a hand crafted item and understand the the value assigned. Then there are those who have the what I call "walmart" mentality, they consider hand crafted items to be cheaper than store bought.