You could make it a fighter on the cheap, but would you do that to the 848? As you said, it's a bike to fall in love with.
In saying that, I like the idea of adding some of your own design principles in to the mix, and I'd suggest maybe steering clear of the actual streetfighter design that ducatti already makes.
Depending on the auction price and other repairs, plus the mods it needs to make it your
own fighter... I'd guess that your going over the factory street fighter showroom price. On the other hand, you could potentially have a bike that is something wild and individual.
In answering you question; it depends on your skills as a designer, mechanic and your level of commitment in making something different - but hard.
I would suggest the level of personal "flair" as being the pricey part that either makes or breaks the whole deal. If you do it, good luck and I want to see it when your done!

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