I recently had my latest quilts appraised.
Why have quilts appraised by an AQS-certified appraiser?
AQS appraisers have been successfully tested on knowledge and accuracy of:
- Textile dates
- construction techniques
- pattern recognition skills
- appraised value.
In addition, appraisers are required to re-certify every three years. Professional development classes and ongoing educational opportunities are offered to Certified Appraisers through the AQS program. Each appraiser has agreed to a Code of Ethical Practice and to abide by Uniform Standards of Professional Appraisal Practices (USPAP).
All AQS-certified appraisers are qualified to evaluate antique and newly made traditional and non-traditional quilts. A qualified appraiser will advise a client if a quilt warrants being appraised.
Insurance companies will not accept self-appraisals of quilts. If you are the owner, you cannot determine the insurance value; the insurance company considers you an interested party. Therefore, the value must be determined by a knowledgeable, disinterested party.
Since each quilt is unique, a separate value must be determined for each one. If the insured quilt is lost or damaged, the owner should receive enough money to purchase or remake a similar item of like and kind. The insurance industry refers to the amount of compensation as “actual cash value”, since the textile is one of a kind and can not be duplicated.
So having said all that the reason to have you quilts appraised is that they do have real value! New or Antique…simple or complex…hand quilted or machine…they all have value.
So here is the Insurance value of the quilts I had appraised
Keep in mind that these are insurance values, not market value (what they would sell for)…The current market is pretty soft! so quilts sell for considerably less than I think they are worth.
So does anyone want to buy a quilt?