I have a D*A*M Meathead and it's an absolutely fantastic pedal.
None of their normal output is remotely that expensive, these are one offs.
Though a lot of their pedals do rcket to daft prices on ebay as there is quite a wait on some of them, brand new my Meathead was just over a hundred I think, maybe just below, similar to my Z.Vex FF anyway and there's not even a comparison in quality, the D*A*M kicks it's arse up and down the road.
To answer the question though, no, it isn't worth that, unless you're excited by it being a one off "art" piece.