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Different people have different amounts of disposable income, which, unless you are a professional guitarist is hobby money really.
Depends on your priorities too, family, outgoings etc etc.
And different requirements. I'm quite fascinated by all the replies from people saying "I haven't spent over £X because I don't need anything more than that for what I do." A proper guitars-as-tools approach (and that's not a criticism).
If I only bought guitars I need I wouldn't have any.
I grew up guitar buying wise in the late 80's/ early 90's and back then £2500 was about the absolute max you would need to spend on a special guitar be it Anderson, Custom Shop or PRS. Even the rarer boutique stuff like Lentz or Pensa Suhr weren't anymore than that. As a result I still tend to stick in that price range regardless of my stash in the bank, I guess its where I feel happy. The idea of spending £7999 on a relic masterbuilt guitar doesn't work for me. Sure I can easily afford it but it wouldn't bring me any more joy. I once nearly put down on a Cruz SRV No.1 in 2004.....£10k...I skipped last minute though, sense set in. What was I thinking...ffds.
My most expensive purchase was on a vintage Strat over 25 years ago and that was circa £5k.....today its worth multiple times that so I don't feel so bad and its brought me a lot of pleasure over the years. However a couple of years back when I was conscious of its new found value, rarity and the fact I was wearing the old thing out I set about buying a newer less expensive replacement. After buying Masterbuilt 54's and other 'exotica' I found an unplayed used super light '54 90's Custom Shop guitar for the princely sum of £1200. Guess what? It plays a whole lot better than the original and sounds 95% as good, just with a bit less 'mojo' Its a joy to own and three times the guitar the Cruz built £3k 1954 CS was. MAtes come round with their new £5k masterbuilts and go away depressed when they compare, I lucked out for certain but these bargains and gems are out there, you don't have to spend so much despite all these crazy retail prices that increase almost quarterly.
Worst guitar I ever bought was one of the most expensive....A $4500 John English Stealth Esquire from the Custom Shop, one of you guys owned it long after I got rid, it was for sale here too. Bit of a myth with his latter builds methinks (no disrespect to the departed meant)