Hi 990rick, just to add one more point. Its like the difference between a Porsche and a Toyota. Both are fine car companies, and both produce trustworthy vehicles that will get you from point A to point B. But the Porsche is four times more in price, with wood and leather to boot. Same with, say, Canon and Leica cameras. Its not "just" the name. People pay premium for "luxury" goods because they are in fact "luxury" goods, if that makes sense. For us poor folk, which I count myself one for sure, having a luxury product is about the mystique and the history of the brand. I do a lot of background research on things before committing to buy. The appreciation for something as intimate as a pipe, is, in my opinion, worth the inflated price in some cases. For me, pipes are more than "just pipes", they are my constant companions. I live with my pipes. Some days going through a dozen bowl or more, depending on the type of day. Yep, I am a smoker. There's a special place in heaven for us. In fact, I am NEVER without my pipe, now going on 20 yrs. I've smoked in the rain, snow, in gale force winds, etc. So for me, buying a great pipe, is like for some people buying nice furniture, or a new car. Why would someone fork out $2000 on a new couch, and cringe at spending $500 on a pipe? I've always bought household items used. Ive never bought a new car, and I'm 51 yrs. old. Been buying used all my life. I can subsist on meager, but relatively healthy fare, rarely if ever eating out, much preferring home cooked food with natural fresh ingredients. I rarely buy processed or packaged foods at the market, yet I see folks with carts full of Diet Coke and plastic wrap. I routinely squirrel away small chunks of change (fives and tens), on the off-hand chance that, someday, it will amount to something substantial. So spending $500 bucks on a pipe, while an extremely rare occurrence in my life, is completely justified from my point of view. Also, if you get into estate pipes seriously, buying a Dunhill is a good investment, judging by the current prices on Ebay. Just keep the pipe clean, with routine salt-grain alcohol treatments, brushing and slight buffing. In that sense, you are just renting the pipe for a period of time till you or your heirs sell it. My two cents worth.