animateWithDuration completes immediately

I know a ton of people have asked the same question, but none of the proposed solutions seem relevant, so I'm asking again: I have the following block of code:

UIImageView *moneyHolder = [[UIImageView alloc] initWithImage:moneyImage];    
if([paymentMethod.viewed intValue] == 0){
            //CGRect targetFrame = CGRectMake(0, cell.frame.size.height/2-3, cell.frame.size.width, targetHeight);
            CGRect targetFrame = moneyHolder.frame;
            targetFrame.origin.y = cell.frame.size.height/2-3;
            NSLog(@"animating");
            [UIView animateWithDuration:2
                                  delay:0
                                options: UIViewAnimationCurveEaseOut
                             animations:^{
                                 moneyHolder.frame = targetFrame;
                             } 
                             completion:^(BOOL finished){
                                 NSLog(@"done");
                             }
            ];
        }

Which I would THINK should animate my moneyHolder frame. Unfortunately, this seems to happen immediately rather than with a duration of 2 seconds. I can verify this with timestamps from my log:

2012-05-11 03:41:50.102 AgilePoet[5824:15203] animating
2012-05-11 03:41:50.116 AgilePoet[5824:15203] done

Does anyone have any thoughts on why this might be happening? All the other questions on the subject focused on the property not being animatable, but I know that an imageview frame is animate-able. The only thing I can think is that this code is written inside my

-tableView:(UITableView *)tableView willDisplayCell:(UITableViewCell *)cell forRowAtIndexPath:(NSIndexPath *)indexPath method. 

Thanks in advance!