i can't say for sure, but Hondo's seem to be one of the less desirable brands from the so-called "lawsuit era" of overseas copies of more familiar brands. Not sure exactly why, since i've never played one myself, but I've always gotten the sense that they're less desirable than say, a Univox, Greco, Tokai, or similar Ibanez. I have seen people describe them as great basses, but the prices on ebay are usually on the low side.
With that said: i usually hear more about Hondo's fender copies... maybe the dano copy is a rare one?