Yeah, possibly to the right person. I have been known to plunk down good money on audio equipment, or two way radios and such.
And maybe I'm kind of spoiled or something. I have found several Fenwick's at yard sales. And I've never spent more than $20 on any of them. I also bought an "old school" hollow fiberglass Lamiglas ultralight a while back on Craig's list. I spent $40 on that.
All of them, in my opinion, are FAR SUPERIOR to any Mitchell rod that I have ever seen. Maybe it's just that I feel I can catch just as many fish on my rods (for very little money), as you can if you spend $400. So, for those reasons I can't justify popping that kind of loot on a rod.
Oh well. If a dude wants to spend that much, and has it, more power to them I suppose.