Have you ever wondered about the value of your fall fair entry, your heirloom quilt made by your grandma, your quilted treasures? Getting your quilt appraised by a professional will answer that question.
“A written appraisal which meets the required specifications of the Uniform Standard of Professional Appraisal Practice (USPAP) is recognized by insurance companies, Revenue Canada, IRS and other legal entities as a valid expression of an item’s worth.”
Judy Lyons is an accredited quilt appraiser. We asked her a few questions about quilt appraisals.
What is an Appraisal?
An appraisal is your written document confirming the age, identification, construction, workmanship and up-to-date value of your quilt.
Why should I have an Appraisal?
Old quilts and new quilts should be appraised for replacement value. Your Insurance Company may not recognized our quilts for the art piece that they are. Your appraisal will help them identify the value of your quilt so it can be replaced with one of similar like and kind. No one can replace sentimental value, but a replacement can help make the loss easier to accept. The appraisal can also be used when you are donating a quilt and would like a charitable donation tax receipt.
How do you Appraise?
A physical examination of the quilt should be done before damage or loss occurs. A written document will give a detailed description of the quilt and workmanship, including provenance and replacement value. These values vary in different regions and do fluctuate with the market. It is recommended to review these every 3-5 years.
How do you find a professional quilt appraiser? First, you want someone with the appropriate accreditations. For instance, Judy Lyons’s credentials are in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP). Judy is also certified with the American Quilters Society (AQS) and a member of the Professional Association of Appraisers-Quilted Textiles (PAAQT). You may also want to check if the person specializes in particular areas. As an example, Judy is a specialist in the appraising of traditional and non traditional quilts, fiber art and textiles. Judy is located in southern Ontario and can be reached at firstname.lastname@example.org. To find someone in your area, click here for the PAAQT website.