Another thing you need to remember is that you are setting a precedent. If you price your item too low, everyone who saw the low price will have that in their mind and it may be difficult to get more later. It is much easier to put something "on sale" as others have suggested. I hope you can get a price you are happy with.

Darren

Ditto l agree with all the above....
we work way too cheap.
fabric plus time = 's

My thought was, Are you doing this for your MIL or for yourself? Is she paying you to attract quilters or for the privilege of having the quilt displayed in the shop, or will there be a buyer who pays you directly? If it's the former, you can go low. Otherwise, I've turned down offers to make a quilt for pay because there's no way you earn what it's worth. Yours is especially beautiful and intricate and took lots of hours over and above cost of materials.

I'm doing it more for my mother in law. But she refuses to keep the profits.
Thank you everyone for your input.

If $150 barely covers your costs (and does not include your time) you must also factor in the questions of do you want to make lap quilts to sell at cost or at a profit and do you actually want to commit to a lap quilt business?

I always find it so interesting to hear input about selling quilts. I have not ever sold a quilt, so take my opinion with a grain of salt. I would put a higher price tag of say $400 with the make an offer price tag, and state this is a one of a kind quilt, hand made in America by an American artist, I would also advertise that custom quilts are commissioned. If it doesn't sell in a period of a few months take your quilt back. Don't leave it their for a long period of time allowing the customer's to say "see nobody would pay that". Truth be told our handmade quilts are a work of art and quite different from a Walmart quilt or a quilt from a high end store. They are one of a kind with lots of skill and talent used to create them. Either you have someone who is very fond of you and makes you a handmade quilt or you pay for it. However, as Greenheron stated factor in the question of do you want to make lap quilts to sell at cost or profit.

Very nice! I also think $150 is to cheap. I'm new at quilting but I've bought them a lot and paid more than that.

When I saw your quilt, my thought was offer it for $250.00. And even at that price I think it's worth more. Depends on economics of where you live. I think it would be good to advertise as Grace Creates stated. Good luck.
margaret

very nice! Ask you MIL for what you feel you need for it. Then let her,put a retail price on it. I feel $150.00 is way too low.!!!!! Tinker

It truly depends on who is looking to buy the quilts and how much they can spend. I agree the $150.00 would be low, but maybe if you had a couple of simpler quilts that would be less expensive, then the more detailed quilts wouldn't seem like so much because they can see the difference. A friend of mine used to make quillows for a touristy gift shop in Oregon. She charged $60.00 (this was 10 years ago) and the flew off the shelves. She used fabric that fit the area and the quillow worked well in a car. She could put them together quickly and didn't make a living at it, but it gave her something to do and some money to spend on other items.