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What value would you list?

What value would you list?

Old 09-21-2011, 12:12 PM
  #11  
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I'd figure out how much the fabric, batting and thread costs. Then figure out the hours you spent cross stitching the blocks and putting it all together. How much would you charge per hour? I know, that may make it pretty expensive. But your quilt is very nice and cross stitching is time consuming.

good luck
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Old 09-21-2011, 12:30 PM
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I have some precious cross stitch pattern books, and it says in the book that you are not allowed to sell anything made with them.
I would insure it for $2000.00
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Old 09-21-2011, 12:51 PM
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This was not sold it was for a raffle, tickets are sold and you drop it in the item you want to take a chance on.
I personally know Pat Carlson who is the owner of Gloria & Pat Designs who has written all of the cross stitch Precious Moments Books and don't think I will have a problem. Thanks for your input.
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Old 09-21-2011, 01:39 PM
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Spring for an apprasial with an AQS Certified Appraiser in your area. http://www.americanquilter.com/about_aqs/appraisers.php

There are different prices for different purpose appraisals. She (or he, for that matter) may be able to help you so that you will find future donations more accurate also.

Jan in VA
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Old 09-21-2011, 01:46 PM
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Originally Posted by Cindysue2
The reason is not for tax purposes. For all the raffles we list on the information sheet what the value is if it was purchased new.
My DD took me to a "green" baby store for a 36 by 36 four patch with no quilting only tied was $150. It was a very plane quilt. But that was in a yuppie part of town. Check your local baby stores. Good luck :thumbup:
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Old 09-21-2011, 02:02 PM
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charity donations are valued at actual cost of materials- it's not allowed to add in time- only the actual materials cost.
so it is important to save reciepts- especially if you plan to use it as a donation tax deduction on your income taxes.
an insurance or resale value would be figured at cost x 3.
but most charitable foundations only allow the actual cost values.
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Old 09-21-2011, 02:39 PM
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I've had this question pop up on other things. The rule I try to take is materials x3 for a simple quilt - nothing fancy or "special". I jump to x4 for fancy and that can mean difficult or hand work etc.
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Old 09-21-2011, 02:48 PM
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I wouldn't have any idea how much the value would be, but it sure is cute!
Mary
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Old 09-21-2011, 03:08 PM
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$300 is good, but for a charity raffle, I would put an "insured" value of $600-$800!
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Old 09-21-2011, 03:23 PM
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It is very hard to estimate a worth of a quilt. I wish you good luck with the ticket sales. You have done an EXCELLENT job. :lol:
Joellyn
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