Purposes of Quilt Appraisals
A quilt is appraised for insurance, for sale, and for donation purposes. A quilt appraisal provides the client with a document that accurately describes the quilt, evaluates its workmanship, and provides a value for like and kind replacement of the quilt or fair market value.
Many people get appraisals of both old and new quilts so they can obtain the replacement value from an insurance company if the quilt is damaged or stolen. For this reason, a copy of the appraisal should be kept with valuables and provided to the carrier of your homeowner’s insurance policy.
Another reason that people seek an appraisal is to determine the fair market value of the quilt in order to sell it. Keep in mind that you may not be able to sell the quilt for the fair market value, as interested buyers may want to get it discounted in order to resell the quilt themselves. However, inowing the fair market value gives you an idea of the worth of the quilt.
If you are considering donating a quilt for a raffle or to benefit a tax-exempt organization, an appraisal should be done within 60 days in advance of the donation so that you can deduct the value of the quilt on your tax return.
While all of the above are good reasons for an appraisal, another reason is simply to have someone with expertise tell you more about your quilt.
What to Expect at an Appraisal
My goal as an appraiser is to prepare a professional, written appraisal of your quilt, following the guidelines of the American Quilters Society.
I will take some pictures of the quilt for my records to accompany my copy of the appraisal. All information and photographs are kept confidential and not shared with anyone, unless a copy is provided to the American Quilters Society when I apply for certification.
Bring any information that you have about the maker or history of the quilt, including where it was made, if known. The information that you bring to an appraisal can include any information or history of the quilt including provenance, awards, where the quilt has been displayed, etc. Provenance is information about who made the quilt and/or where it was made.
You should leave the appraisal session with a completed and signed appraisal form. An exception might be if I wanted to do some further research. In such a case, I will mail you the completed appraisal within two weeks.
Cost of an appraisal
My fee for a quilt appraisal is $40 for appraisals conducted in Grant County, NM and $45 for appraisals outside of the county. .
Payment for services is requested at the end of the appraisal and before my signature is affixed to the appraisal form. My qualifications statement will be attached to the appraisal. A receipt can be provided upon request.
In May 2013, I was formally notified by the American Quilter’s Society that I was accepted for certification following testing at the AQS conference in Paducah, Kentucky.
Cleaning and Care of Your Quilt
Don’t hesitate to ask questions, should you have them, about the proper storage and care for your quilt. I can also recommend The AQS Guide to Quilt Care which is available for $9.95 from the American Quilters Society, P.O. Box 3290, Paducah, Kentucky 42002-3290.