Hopefully that stem bit isn't as lacking in material as it appears in the pictures.I alluded to this Specimen Straight Grain a few days ago. I thought it might get close to $200, even with the disclosed issue.
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Comoy's Specimen Straight Grain (185) (1950's-1960's) Estate Billiard | eBay
This top-grade series was described in their 1965 catalogue as "The rarest and finest of all Comoy's pipes". They are widely considered among the rarest pipes in the collecting world, with only one in every 10,000 Comoy's pipes reaching this level of quality.www.ebay.com
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