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Can anyone explain vintage rick copies going for over $800?

I am flabbergasted, wherever I look, people are certainly trying to sell them for $800+, not sure what price they actually end up going for. I recently found a local ad in Serbia where the guy is trying to sell it for $1000. No name copy, neck through, from the 70s. Doesn't even seem to have the original pickups.

Am I missing something here or are those people collectively insane? You can get an actual used rick for a bit more than what they ask for used copies...

A disclaimer: I am not interested in purchasing a rick (much less a copy). I am just finding this extremely odd.
 
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The Fernandes Ficks look good, and I'm not surprised if they sell for that. Their Burny LP's fetch a good price too.

Even on the China direct sites, Ficks are the most expensive fakes, often 2X more.
 
None of these photos are mine.
I do have a MIJ Fernandes Jazz bass. If the Fernandes Ficks are the same quality as my Jazz, the Ficks would be very good.

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Some of the Japanese "lawsuit " Ric copies (like the Fernandes above) were easily as good (and sometimes better) built than genuine Rics. With virtually any Ric, of any vintage, being worth at keast $1000+, $800 starts to look reasonable. The prices have really taken off for these, used to be possible to get them in the $400 range. Ric waged a very effective campaign to have any ads for them pulled off Ebay, though they do pop up on Reverb. They seem to have largely given up trying to police the Chinese Chickenbackers, but they are crap compared to the Japanese copies.
 
I do find it amusing that the price for 70's CBS Fenders has crept up now that they are "vintage".

One of the very earliest vintage guitar shops was in the town I went to college in (in the 70's). A very large part of how they got started was people looking for Pre-CBS Fenders, because, as you say, the new stuff that was being made at that time didn't measure up. Fender's lack of quality at that point launched a market that, to this day, still exists, though it's twisted a bit.

Today, with CNC manufacturing on the new stuff, and with the quality that Fender put out in the 70's, the justification for 70's Fender prices has to be nostalgia. Which, apparently, there is plenty of.