I totally agree with the statement “things are worth what someone is willing to pay for them.” Value is relative and subjective. Over the years, I've skimped on food so I could get a rare first edition book. Could I read a paperback copy? Yes, but, I enjoy and appreciate the original artifact and packaging, the primacy of the original edition that the paperback can't provide. I've spent more on audio cables for my stereo system than some people spend on high-end pipes—but, it was worth it to me to be able to extract that nth degree of subtle musical information. Law of diminishing returns? Sure, but, the pleasure I gained was priceless. Pipes are unusual in that they're functional works of art. Use them and they might be worth less than what you paid (not always depending on time passed and demand). There was a Todd Johnson pipe that I kept looking at for weeks, maybe months. It was an unusual shape for him and to my eyes incredibly graceful and beautiful with its lines. I couldn't stop thinking about it and looking at it. I thought I may not see this again and will regret not getting it, maybe end up looking for it in vain in the years to come. I spent way more than I should've, but I'm happy I got it. I can forgive myself for blowing the money; I'll make more. Will it smoke any better than my sixty dollar Rossi 8320? It doesn't matter as long as I enjoy it.