I'm a chronic PAD guy, I don't buy lots of pipes, but I am always sniffing. In the last few years, some really weird stuff has happened. One is, Radice pipes got somehow dealt by another distributor and the result is that the price dropped by about 1/2. People buying 500 dollar Radice pipes were seeing similar pipes for 275 and the folks paying 275 were seeing similar for 175 all of a sudden. That puts a weird kink in the Italian pipe market. Castello prices are totally unaffected, but they still sell through a retail/distributor setup. Ser Jacopo on the other hand, a guy can also now pick up much cheaper than before. Not quite as steep as Radice's dropoff, but you can pick up Ser Jacs on eBay for 2/3 of the asking price on smokingpipes for example, pretty often. I just picked up a new Delecta sandblast for 170 bucks, for example. Just chased a pretty good looking but obviously pre-enjoyed Sasieni 4 dot to the 300 dollar mark (actually I got out earlier than that). Secret's out on those old bad boys, I guess! No more 150 dollar Sasieni pickups! Artisan and would-be Artisan pipes are up in value - seems like a lot of people are choosing to spend less often on better pipes, and there's a wave of new carvers hot on my heels. I've been at this only a few years and suddenly I feel like an old man in the carving world. It's amazing. And it's going to be the death of more of the big companies - Stanwell already had to radically change it's operation, and I think Peterson is going to have to do something similar - you can see what is happening with them - strategically, they are selling more entry-level pipes (Kapet series for example) and trying to sell more high-end pipes as well (offering Titanic, dracula, Darwin, and just about anything else you could think of as a special occassion sort of models). The mid grade market is stiff. 120 for a Peterson? Gosh, I could buy a handmade Radice for that almost! A really interesting few years it's been, and I think the next 10 are going to be even more so.