Bluebirds Fly Appraisal from Houston
11-29-2021, 09:27 AM
#1
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Bluebirds Fly Appraisal from Houston
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:
Why Should I Get My Quilt Appraised?
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.
Why Should I Get My Quilt Appraised?
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.
11-29-2021, 09:41 AM
#2
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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!
11-29-2021, 01:43 PM
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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.
11-29-2021, 04:15 PM
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Originally Posted by ckcowl
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.
11-29-2021, 04:24 PM
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Originally Posted by Karamarie
Love all the different shades of blue.
2021/2022, 2.5” Birthday Swap
11-30-2021, 07:10 AM
#10
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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.
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.
