Well, it depends on if your friends/family are also quilters... I've got two bed quilts that have been given to me, one from my mom, and the other from DH's grandma. I've also got a really nice table topper that my MIL made me.
But yes, in general, that's true. My mom and my sister and I made a lap quilt for my grandma, and she was very touched. She said it was the only quilt anyone had ever made for her (and she made quilts for all the grandkids, and several other people over the years)