HIlarious -- and that logo doo-bob looks not in the slightest like a "D" (for Degas?).
You gotta admire the gall to price these like they actually on the same planet as the company they're imitating.
I found a Japanese-made "Givson" guitar at a yard sale for 20 bucks. I got it as a lark, but after replacing the regular nut with a raised Dobro nut, it ended up worthy of some respect. Cheap as it is (the F holes look like they were carved with a pocket knife, and a dull one at that), it sounds tremendous played with a slide. (And forget about playing it with anything but a slide!) I've spent hundreds on guitars that didn't sound as good.