$12,000 to $20,000 bicycles fly off of the bike shop walls. $20,000 for a Swiss watch? They're all over the place. I used to resize and re-prong $50,000 - $200,000 rings all day, for years. $50,000 will get you an budget level Merceds, but I see $100,000 Mercedes on the road, here in dirt road Alabama. Kids get $500 tennis shoes, and line up to buy them when new ones are released. I've seen it.
If you just want to stay warm, you could buy a $10 thrift store coat, or you could spend $2,000 on Brooks Bros. Museums are full of things that the rich have owned, worn, or used. It is baffling. I understand folks that don't understand. But, when you have something that demand is so high on, and the thing is rare... You can ask a price that only reaches the few who can afford it. And, sure, sure, it sucks to be someone who cannot afford it. I'm there with you, on the verge of fixed income.
But, if a pipe really spoke to me, and if it was being sold by a retailer who would allow me to pay layaway, I wouldn't think that buying a pipe like that was outrageous. I see it as an investment into myself, my own joy that comes from using something like that. I have a $1500 Becker, which is the most expensive pipe I have. Magic, or just my own psychology, holding and using it is charged with a certain achievement for myself, a certain art magic. Sure, sure, it's silly. But, it's a silly I share with the elite, the reckless, and the absurd. :
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Different strokes for different folks.