I don’t really see the problem with these collectors guitars – after all no serious player is going to buy one and use it as a gigging guitar (well maybe). Something like this is eventualy just going to adorn the wall of a rich but true fan. Is it objectionable to buy gold and platinum disks from a band you love? Signed photos? Why (if you are an exec of a merchant bank) not a mock up of their guitar?
Of course, if it were me, and I played in a Police covers band, I would get a CV 60s Squier, put a humbucker in it and give my 3 year old son free reign with a chisel to do the relicing.