Eugene and Mark,
While I can understand your sentiment, I'm wondering why Eddie and Fender managed to sell so many albums and guitars, respectively. I'm not saying that commercial success is the final arbiter of talent or skill, but certainly it means something?
Vintaged guitars that cost 20K seem somewhat absurd to me, but for the collector that just needs to have a replica of his favorite guitar player's guitar, well, good on you, then.
And while you might not appreciate the final output, the guys that do the custom builds are very talented. I don't appreciate Picasso, but I've been told (by people whose opinions I trust, our very own Valentino* among them) that he was a genius.
For those that haven't yet figured out my earlier comment (1030), that was sarcasm in the form of understatement. Whatever your opinion on him or his music, he's plainly talented. He certainly inspired a generation of guitar wankers.
Bradley
* he also said that there were guys better than him, just that he was high-profile, but I can't remember the specifics.