Well, on eBay, it only takes two motivated buyers to send an item's price way past reasonable. But that's economics (and psychology) for you.
And yeah, there are a lot of people who are collectors, and serious collectors will put serious money into filling holes in their collections. I know guys who collect certain kinds of hand tools, and they go to great lengths to acquire a complete set of whatever kind of tool (type, maker, model, or whatever) that they're collecting. Other guys pursue things made by exclusive "boutique" shops and are always on the lookout for "early" examples of a maker's work.
So yeah, it's probably the name that's selling this pipe. I doubt that whoever ultimately buys it will spend much time smoking it.
And yeah, there are a lot of people who are collectors, and serious collectors will put serious money into filling holes in their collections. I know guys who collect certain kinds of hand tools, and they go to great lengths to acquire a complete set of whatever kind of tool (type, maker, model, or whatever) that they're collecting. Other guys pursue things made by exclusive "boutique" shops and are always on the lookout for "early" examples of a maker's work.
So yeah, it's probably the name that's selling this pipe. I doubt that whoever ultimately buys it will spend much time smoking it.