While I totally agree with you (and take offense to the Eruption point), that has never stopped Fender, Gibson and the like from over-pricing objectively ugly "signature" models from artists we've never heard of.
It could just be a case of them having too fucking many of them clogging up their warehouses.
If I were still playing I would snatch one up, drop the EVH logo (and replace it with a FACKYO-based custom logo), throw on a relic'd pickguard and... well... leave it in the case like the rest of the guitars I've owned.
But I would be a good starting point for a project/time waster.