No, they're not. And as an aside, even expensive handbuilts are cheap when compared with most handbuilt instruments of comparable quality.
Go look at moderate cello prices if you want to feel good.
__________________
Wade
Worry less about the guitars you want. Play the guitar you have more.
The answer will come, and it will not be what you expect.
A guitar is a tool, and a friend. But it is not the answer.
It is the beginning.
Current Guitars:
Taylor 716C Modified
Voyage-Air VAOM-04
CD: The Bayleys: From The Inside
CDBaby
Amazon
Also available from iTunes
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