I have a few guitars, across the spectrum from early 50's Gibson family heirlooms, beat up 80's shedders, 90's Guitar Center trash specials, all the way to a Fender masterbuilt reissue Tele.
IMO you pay what it's worth to you. If you like the way it sounds and you play it well, you'll know what it's worth.
I'm not sure what some of my fancier guitars are worth, but I know the one that sounds the best and I love to play the most is the bottom dollar Epiphone I've had set up and replaced the electronics in. I'm probably up to $700 all in on that instrument over 30 years and it just sings for me.
Spend what you want, if you love it then it's worth every penny.