It's fun and probably futile to speculate. Right now there's an up trend in tobacco pipes and smoking. That's partly fashion and might pick up a lot or slowly fade. I think the pipe smoking culture fuels the pipe buying market and collector's market, which sounds obvious; I think there's more action at the mid, high and very high end. I do think Dunhill will hold its ground pretty well on name recognition. It will stay at the high end of whatever market there is, partly because they are well stamped and identified and referenced, so people know what they're getting. Likewise with artisan pipes, the well-know high end makers who either produce reasonable volume or have made some sort of elite name for design will probably still command good prices relative to the market. For lesser pipes, the great old American factory pipes and high volume French, Irish, U.K., Italian, Danish, etc., I think it will depend on the continued interest in smoking in general. Pipe smokers are more likely to want these, so if smokers are more or less numerous, that will control the demand, hence the prices. I think even Dunhills, but all pipes, are a stogy investment. A few people make a thousand percent on particular pipes by buying from the naive or digging up treasures in estate sales, but old pipes are like old bonds -- not big earners with a few rare exceptions. Buy precious metals.