I like the LOOK of "relic'd" basses and guitars. But that's because I often get fooled into thinking its natural. I dunno... I wouldn't own one, though I do kinda enjoy seeing them made, but in the end, i'd 1,000,000 times rather stumble upon a really used 2nd, 3rd, 4th hand instrument that was legit played for its entire life and shows it.
My Gibson came into my life slightly banged up and worn, and from playing it at some shows etc its gottn more worn in my hands. Every scrath knick, rub, dent, and divot have a story that I can recall (and many i can't) but it was never involving sandpaper and blow torches. Though I did light the nitro finish on fire with some matches at a bar one night. Thanks, Jack Daniel's.
What's my point? If you want this look, go to band practice, get hammered drunk, hit your drummer's crash, ride, toms, stumble around, land on the floor, inadvertently drag your axe around looking for food, throw it at the fireplace, pass out on the couch, and wake up to your "relic'd" instrument.
Such was the fate of my Epiphone and it was one of the more... awesome practices that we'd ever had, I think we wrote 3 songs that day.
$.02
Your post really made me laugh, especially the "Thanks, Jack Daniels"

Hi, i just got a new SX jazz bass, but i want to make in look older, so i decide to relic it, but i wasnt sure if it would look good, so i decide to try my relic skills in another instrument, so i found a electric guitar for 30 bucks in a pawn shop, so i buy it, and this is how i relic it, those it looks cool? or should i practice more? this is my first relic, thanks