I, too, have been down that road. Last time, (years ago) I asked that an opening bid of $50 be made. I was told that no one would bid on it for that. I asked if this was a fund raiser or a give away. Not satisfied with the reply, I took my quilt and said something to the fact that it was our loss (the organization), and we'd make more by simply passing the hat.
Later, I made table decorations for the same organization, using oval plastic ice cream containers. I decoupaged them, sticking the logo on from letter heads and old programs. Added some coffee filter flowers, and people were buying them off the tables for $10. They cost me nothing but time, and not much of that. In this case, value was perceived in the uniqueness of the item.