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What are Jimmy's LP Guitars worth?



I have always been interested in vintage guitars and have a fascination with the escalating prices the classic 1958-60 Les Pauls have been pulling in.

I thought the trend had been that all original, very good condition, examples were fetching $100K+ on the today's market but this latest auction on ebay blew me away

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=7415462296&rd=1&sspagename=STRK%3AMEWA%3AIT&rd=1

The bidding reached $222K and did not hit the reserve...seems to me the seller was just fishing to see what someone would pay but imagine what Jimmy's #1 or #2 would pull in at auction!!!!