In this country, that's the amount you would pay for a single quilt = actually about $120, and extra for the binding. If you want custom quilting as opposed to pantographs, you pay extra. I know a woman who paid $500 for a custom quilted queen size.
I do all of my sandwiching and quilting but it took many hours of practice before I produced nicely quilted top that I was proud to put my name on - and I am still improving. The learning doesn't stop but it takes some courage to actually 'ruin' a nice quilt top with wonky, beginner quilting.