I just finished this project and I wanted to share it. I've been wanting a real fur blanket since we moved to Alaska in 2008 but the cost is prohibitive. My Wife suggested that I make one and since I retained simple stitching skills from US Navy Basic training I decided to give it a try. The furs cost a total of $1600. (professionally made fur blankets start around $2000 and the nice ones can be much MUCH more)
The construction took from April 2010 until July 2011 but most of that time was waiting to buy the hides. Actual time spent was probably only a few days. It's amateurish for sure but it is very warm and thick and looks awesome!