If you are curious, the standard price for this guitar in a flat color is $1100, and the limited edition he wanted is only $1600. So not even anywhere near double the price.

The "deluxe" model is $1300, and one painted just like Eddie Van Halen's distinctive red/white/black "Frankenstrat" is $1750. Making your own out of the best parts you can find in pawn shops like Young Eddie did is probably less than any of these; masking tape and a few cans of spray paint are only a few bucks more. :)