20 bones!! I love the look and guess that the stem was replaced hiding the makers ID ( I forgot to mention that the auction was for an "unmarked pipe"). That sort of finish is my bread and butter. I don't think i have a pro eye or anything but barring some sort of metal embellishment on the stem I can't see how this couldn't be sold by some top end English artisan for 300... But please correct me if i'm wrong cause i do want to improve my eye on this sort of thing. I bet I'll get some good smoking out of this anyhow. Please share thoughts, good buy or reckless impulse?