Is this the worst fold ever?

[1C5]

Party 10+1, would this be an auto call for you? I would have called, had my finger on the button but then the next guy calls him ahead of me. I folded. What would you have done? What if the 2nd guy folded, then would that have changed your decision?

Party Poker No-Limit Hold'em Tourney, Big Blind is t15 (7 handed) converter

UTG (t625)
MP1 (t845)
MP2 (t850)
CO (t650)
Button (t2840)
Hero (t685)
BB (t1505)

Preflop: Hero is SB with A[img]/images/graemlins/heart.gif[/img], Q[img]/images/graemlins/heart.gif[/img].
<font color="#666666">1 fold</font>, MP1 calls t15, MP2 calls t15, <font color="#666666">2 folds</font>, <font color="#CC3333">Hero raises to t50</font>, <font color="#666666">1 fold</font>, MP1 calls t35, MP2 calls t35.

Flop: (t165) Q[img]/images/graemlins/spade.gif[/img], 8[img]/images/graemlins/spade.gif[/img], 2[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(3 players)</font>
<font color="#CC3333">Hero bets t125</font>, <font color="#CC3333">MP1 raises to t795 (All-In)</font>, MP2 calls t795, Hero folds.

Turn: (t1880) A[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(2 players, 1 all-in)</font>

River: (t1880) K[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(2 players, 1 all-in)</font>

Final Pot: t1880