Because it's had multiple pieces broken off it... then glued back together by a 1st grader?
You nailed it, when I saw the glue job, my first thought was that a 5-year-old did it. The glueing is a joke; it doesn't even line up. Are we to believe that a "Charvel employee" did that horrific a glue job? Was the "Charvel employee" the janitor maybe?
Also, the story says that Eddie "immediately" traded the one he got for a 57 Strat, so he obviously didn't want anything to do with the guitar, which makes it just some hack guitar that someone built which (should) have little value.
Not to mention that, besides the breaking, the thing is dinged up and junky as all get out. It's a surfboard, pure and simple.
"The combination of it's rarity, as well as, it [sic] connection between Charvel and Edward Van Halen makes it a priceless and historically significant piece of rock and roll culture". Uh, excuse me? From the story told, this guitar has no connection to Eddie at all. So then how is it historically significant?