Hey man, it's a Dunhill and every Dunhill is really worth a lot of money, you know? And, hey, it's like...it's like.. it's old, man, and...you know? And it's a Dunhill, and Dunhills are like...are like... well, they're worth it man!
It has some collectibility value as a sort of basket case. The shank is spliced, though why is something of a mystery. It appears to fit the case, so that's encouraging, but again mystifying, since splice jobs usually result in a change in dimensions. Unless the splice is to preserve the Dunhill stamp while replacing a beat up bowl. The quality of the briar looks to be lowest end. The military cap (spigot, my ass) is strange, very out of date for the period cited. Those scallops were more late Victorian thru Edwardian. No AD stamp, so also curious. The stems are a replacement, possibly the fitments as well. Nothing with an AD stamp or hallmarks. Very curious. Case is in wretched condition. Albatross wing bone extensions run about $150 an inch. Would you spend that kind of money on this piece? So vulcanite, not bone or amber. With so much replaced, the thing might not even go with the case. Could be a complete Frenkenpipe.
Price paid is an absurdity.