So many variables here. Besides the material and engineering quality, which obviously takes the major section weather a pipe will smoke good to our preferences or not, we must acknowledged our philosophical tendencies in order to fully "judge".
What Im trying to say, is for example if john doe is a person which values the experience and not how it is achieved, maybe a mid price pipe will do the job. If another john smokes mostly in company of other johns, then the experience might not be fulfilled just with a smoking instrument, but few layers has been added in order to reach that gap, meaning grain, appearance and shape. A completely different john would tell you that in his mind, the more he paid for an item, the better he thinks it is. It is known, in the absence of quality measure, price is the quality indicator.
To me, I like pipes. very simple. I like it, I buy it.