I haven't shown these pics for awhile, but here are my home-made wooden fenders. Not nearly as beautiful as Cody's, but the cost of materials was less than $10 (that's mostly for the stays; I used scrap cedar that I had in my basement). I don't have the bike anymore; now they're on a Raleigh Super Course that's going to get turned into a porteur with a wooden platform front rack to match the fenders.

Neal