I paid for this style. I like the tanshell finish, I like the silver military mount, and the stem isn't half bad. I also like the poker shape, which I don't have an example of in my collection of pipes.
It was going to be this or an Eltang poker. The price was similar, with this being just a little more. It was the finish of the pipe that sealed the deal for me. It was just nicer than the Eltang I was looking at.
If I could find this type of grain, stain, size (group 3) and stem in a $50 pipe, I would have bought it. I just haven't seen that floating around in too many places, so the premium price is worth it to me, because in my opinion, the quality is there.
But, I'm interested in grain pattern and stain choice in a pipe above much else (assuming it smokes fine). If you're not bothered by such things, there are loads of inexpensive pipes to buy and paying a hefty premium for a pipe that looks ordinary is a waste of money, to my tastes.
If it was ever a question about having a pipe like this or keeping the electricity on, being able to travel, eat good food or whatever, I'd not have the pipe. It's not worth it.
Again, some people would toss this pipe in the fire and be done with it. It's worthless. To my eye, I like looking at the grain pattern, the stain, the shank, and so on. That's how I value a pipe.