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JENNR8R 11-29-2021 09:27 AM

Bluebirds Fly Appraisal from Houston
 
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I started a thread on 08/25/2021 titled Why Should I Get My Quilt Appraised? Here is a link if you’d like to see what was said there:

https://www.quiltingboard.com/main-f...ml#post8506099

I decided to get the appraisal. A few weeks after the quilt was returned, I received a written appraisal of $1,476.00. There was an error in the spelling of my name so I called the appraiser for a correction and found out some interesting things in our conversation.

The appraised value is only for replacement cost redone by a professional... not me. It wouldn't take a professional as long to make it again so that reduces the value. Having it juried into a bunch of prestigious shows does not increase its value. It would only increase the value if it won ribbons... and only by about $100. Really high appraisals are given to well-known/successful people in the quilting industry.

I assumed the market value would be higher than the appraised replacement-cost value, but she said it would usually sell for less. Something is only worth what someone is willing to pay. That could be more or less than the replacement-cost appraisal, but in her experience it’s usually less.

Keep in mind that this was my understanding in a brief conversation with an appraiser who has pages of credentials, spanning decades, and experience in judging major shows. Other appraisers, with their own training and experiences, may have something different to say.

Quiltwoman44 11-29-2021 09:41 AM

That is a lovely quilt! and the subject wonderful too. You definitely spent hours on the quilting. Maybe more if you used a domestic machine. I've seen wonders by quilters without longarm machines. I do wish I could do half that lovely work on mine! Worth what the appraiser said!

Jingle 11-29-2021 01:36 PM

A beautiful quilt, love the birds.

ckcowl 11-29-2021 01:43 PM

I agree with the appraiser’s comments. I had a quilt appraised- appraisal value was $3,759. I sold the quilt for $2,600 and was very happy with that amount. I looked at it as showing the buyer they were getting a good deal and I did give them a copy of the appraisal for their records.

Iceblossom 11-29-2021 01:47 PM

Thank you for sharing again the story of the quilt and the appraisal. I think it is all so fascinating. And your quilt so awesome :)

JENNR8R 11-29-2021 04:15 PM


Originally Posted by ckcowl (Post 8522408)
I agree with the appraiser’s comments. I had a quilt appraised- appraisal value was $3,759. I sold the quilt for $2,600 and was very happy with that amount. I looked at it as showing the buyer they were getting a good deal and I did give them a copy of the appraisal for their records.

I'd love to see a picture of your quilt.

Karamarie 11-29-2021 04:16 PM

Love all the different shades of blue.

JENNR8R 11-29-2021 04:24 PM


Originally Posted by Karamarie (Post 8522438)
Love all the different shades of blue.

Thank you... There are no repeat fabrics in the birds. I got all of the different fabrics from a swap here on Quilting Board called the 2.5" Birthday Swap. Joining the swap happens once a year. It usually is announced in January and runs from March to February. Here is a link to the current swap:

https://www.quiltingboard.com/member...p-t313846.html

SusieQOH 11-30-2021 06:52 AM

JENN- that quilt is simply fabulous!! I'd say "priceless" :)

Onebyone 11-30-2021 07:10 AM

Something is only worth what someone is willing to pay.

This is so true. I know a quilter that made $3000 for one wall quilt. It was commissioned for a large company that had $ in the decoration budget to spend. And it was hung where none of the employees could see it.


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