If I was selling one, it's the sort of thing I'd put on a 99p start. Give an honest description, then let market forces determine the price (and hope whoever wins isn't an idiot who didn't read the ad and thought it was genuine). If it sells for £25, so be it. If it sells for £250, I'd ask the buyer if they really wanted to pay that much....
It's a disgrace that Chinese knockoffs are passed off as the real thing, but if you could try one, knowing what it was, and it was cheap, it might not necessarily be a terrible guitar.
Which isn't to say I'm advocating buying one, maybe the fake products "industry" really does fund drug trafficking, slavery and illegal arms trading like the adverts tell us, who knows.