Once upon a time, when I was attending a church that wanted to put in a new stained glass window, a group of us got together, designed and created a queen-sized quilt to raffle off. We made sure to log in ALL of our time ... it took this little "committee" over 780 hours of actual time to sew, layer, baste, quilt, and bind it. That did NOT include the amount of time we met to discuss design, to shop for fabrics, wash material, or to create "kits" for the blocks. With this knowledge, we were prepared to advise people who bought raffle tickets exactly how much went in to this quilt.
I have always used that as my benchmark whenever someone asks me about prices for a handmade quilt: it takes roughly 750+ hours of time, PLUS materials, PLUS creativity to make a queen-sized quilt. Can someone else do it faster? Sure. But remember that when you pay for something. If you are willing to put out the money for a QUALITY product, you will always be happy with the end result.