Looks like you got a nice pipe for your collection. Enjoy the pipe!
I've looked at many of the Fred Bass estate pipes on ebay, but in my opinion they are all over priced (at least they were when they were first listed). I would have liked to have owned a few, but not for the price tag they were being sold at. To rich for my blood, but I'm sure they will all find a nice home at some point.
metalheadycigarguy is unfortunately correct. The late Fred Bass collection of meerschaum pipes are being offered at premium prices because his survivors are trading upon his name. No one can blame them but they ought to remember that Fred's fame was limited to a very small audience and if the pipes don't sell within a few years, they will thereafter sell at the usual market price. I have not bothered to do more than take a cursory look because I have no need more pipes.