I had a nice looking bulldog spigot with amber stem. I bought into the history of the brand. The pipe was well made and looked fine, but in the end, I didn't like the p-lip (it had an extra p-lip acrylic stem for preserving the amber stem) and the amber stem was gimmicky to me.
And it worked! I bought into that for reasons that I still don't understand. Marketing is a real bitch sometimes.
That's when I tried my hand at selling a pipe. My disastrous ad-copy of offering a nice, "juicy" pipe taught me I should stick with what I do best. Which is not selling things. Or marketing.
I'm not sure I would buy another one. They have historical value, I guess, but with so many pipes on the market, it's not really that interesting to me anymore. I scratched that itch and it went away, thankfully.
No offense to Pete's though. Some of them look amazing and some of those are probably good smokers. But I wouldn't buy one just because the company has been around for so long. It's almost like buying a new pipe with an old amber stem slapped on to it for "historical" reasons, though maybe not as bad.