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Originally Posted by ghostrider
Can someone explain to me why, if the cost for Pam to replace the quilt is $4,500 that means someone has to sell it to her for that amount. So why isn't that the sale price appraisal, too? It's just the other side of the same transaction. I mean, why is the appraisal for sale always lower than the appraisal for insurance? Is it just so the insurance company can make more money on premiums? That's always seemed kind of snarky to me.
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Congratulations thats a Beautie....
Do any of us really get how insurance works, know how its suppose to be but the rotating rules.... Don't want to go there. :) |
Originally Posted by pittsburgpam
I received the appraisal of my quilt that was in the Knoxville show. It is appraised at $4500. That seems unbelievably high to me, I was thinking maybe $1000? Is that just insurance value?
In this economy and so many people quilting, I just don't see anyone paying that for a quilt. I think you're forgetting about the increased value your quilt has gained from being in a national AQS quilt show. Those shows have the reputation of showing the better quilts... so that adds value... And if your quilt won any recognition/prize, its value would increase even more. Even a quilt that appears in a national magazine increases its value just by virtue of being in the magazine. Congratulations, you should be very proud of your talent being recognized! |
I have seen your quilts and I'm sure it is worth that. Your work is awesome.
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