I bag mine. My Werner Cyprus alone is worth it (replacement value ~$400) Just like my toys too much.
Use a two paddle bag made by Technomadic that has padded compartments for four blades, and padded covers for the ferrule ends. The ferrules actually need the most protection. Once they are chipped or out of round you are fairly screwed.
I carried either two Euro takeaparts or one Euro and one takeapart Greenland.