I have seen all manner of crazy prices on many things throughout my life. Back in 1981, I was working the biggest jewelry show in the US in NY city. One of my mfgs put a piece of jade in my hand that was about the size of a 3KT diamond, he told me the wholesale price was 60,000.00. That was back then, who knows what it would go for today. I looked at him like he was nuts, but guess what, he sold the thing at the show.
A pipe like this is worth what someone is willing to pay and that is all. There are people where 16k is like 160.00 to me and you, I wouldn't think twice about paying 160.00 for that pipe so if a person with those kind of means sees it and wants it, it is a drop in the bucket. I know it is hard for people to understand that kind of wealth, but it exists and the seller is hoping one of those people wants his pipe. I have no problem with a guy trying to get as much as he can, and I am sure every Bo collector is praying it sells for that.