Gandolf, you picked out a beauty. To bigvan's point about the range within the brand, I have a $45 Savinelli Varese that is my worst smoker, and bought only because of the Savinelli brand. A number of people are recommending cobs, but for me, there is no beating briar, so I would even suggest a Dr. Grabow....you will get a number of people for and against Grabow's, but it took a number of bowls in my MM cob before I enjoyed smoking out of it, but three puffs into my first packed Grabow, I knew I was going to enjoy pipe smoking.
As far as value, I think Bjarnes are fantastic, and can be had for around $50.
If the $120 is something you are willing to part with, and the pipe "speaks" to you the way it sounds like it does, I say go for it. I spent about that much on a rare Kaywoodie last Christmas, which was a huge sandblasted Dublin that ended up being too big to comfortably smoke from. While disappointed, I love the look of that pipe so much it is proudly displayed in my office, so at least I have a piece of art I enjoy.
As far as value, I think Bjarnes are fantastic, and can be had for around $50.
If the $120 is something you are willing to part with, and the pipe "speaks" to you the way it sounds like it does, I say go for it. I spent about that much on a rare Kaywoodie last Christmas, which was a huge sandblasted Dublin that ended up being too big to comfortably smoke from. While disappointed, I love the look of that pipe so much it is proudly displayed in my office, so at least I have a piece of art I enjoy.