Wow, do you remember what it was? 10 DCs is common, I can scroll back and see a 15 and a 20 DC auction. I think I remembered seeing something a bit more, like a 30-40 DCs once. Pretty sure it was dirt. I can't imagine wanting to store more than 40 new DCs of something, unless I really had some serious plans for it.
Oh wait, sorry guys. Nobody has actually done 128 DCs, but StoneSky was planning to auction off 128 DCs of stone slabs. That's what I was thinking of.
73 DCs of sea temple drops/blocks I did. that doesn't beat jelles 100dcs of eggs but probably does in value https://empireminecraft.com/threads/selling-73dcs-of-guard-farm-drops.55681/
Are there any reasons/motives to giving out auctions of insane quantities, like 10+ double-chests of items?
It's a very niche market consisting of either hoarders or people who need a massive amount of that type of block for a single project. Me personally I would do a sell thread for those items simply because the market is so small I wouldn't get the value of the materials out of an auction. That being said you could get a nice chunk of change if you have one or two people get into a bidding war over it. Having that much of x item will probably fetch more than it is worth simply because of convenience.