Had a similar experience with someone wanting me to design a half page newspaper ad. I have a set of fixed prices for drawn artwork, depending on size and whether it's colour or mono. Guy wouldn't listen and kept trying to bargain me down. I told him I didn't need the work but if he was set on me doing it for him, he'd have to pay my rates, no exceptions.
Eventually he gave up and went somewhere else. Paid double my rates and got a much smaller ad.