I have seen this before. When people think of auctions, they think cheap and old/antique. They often will in no way, shape or form pay that much for a quilt. Very few auctioneers will start the bidding that high. People get offended but that's how it often goes. Most of those Amish quilts are brand new right off the machine (treadle) or hoop. Also many have this connotation of it not being a business but a hobby. But wood carvings of the smallest size will sell for more. Auctions are not always the best way to go for many.