It depends on your budget. If ya got extra dough and love it, buy it..who cares what others think it's worth.
Personally,I prefer buying nice smoked estate pipes in the $100-160 range. I choose to buy expensive tobaccos instead.
In saying that, I think it's a great pipe. For some people money is not a factor in purchasing decisions. For others? Well, you know. The most I ever spent on a pipe was 300 bucks, a brand new Lorenzetti. She's a nice classy pipe. I hardly ever smoke the poor thing.
I like the older Petes...that have been maintain and broken in. I just hate breaking in a new pipe, drives me nuts. Ebay just had a perfect (and older) Peterson Mark Twain that went for 138 smackers. OTOH, you got your "handcarved" artesian pipes and your factory " fraized" pipe comparison to consider.