I have had numerous quilts appraised. It is well worth the $50! I always keep a copy of the appraisal but if I sell or gift the quilt I send the appraisal with it so the new owner has a record for their insurance. It has nothing to do with a ( price tag) on the item, it is an insurance value- if something happens to one of your quilts without an appraisal insurance will only cover what a regular cotton blanket would cost... $50 or less is what my insurance guy said-- with the appraisal you actually get value for your loss.