Whatever the case, a pipe is a statement about the owner, or at least, the owner is making a statement with the pipe. No one buys a $1,000 pipe let alone a $50,000 pipe without wanting to say loudly: I AM SUCCESSFUL FINANCIALLY! It isn't about getting a better smoke. It may also be because they appreciate the artfulness of the pipe and can afford to pay for it. Same with its opposite cousin, the cob; here the person is saying he cares mainly for utilitarian function over form. It gets the job done. And a hundred variations in-between. It is all about your self-image or at least the image you want to project, your mood, principles, and of course, your budget.