I think all the relevant bases have been covered in this :
I have heard of people wanting to trade their entire pipe collection once they smoked a Dunhill because nothing will compare to the quality.
De gustibus non disputandem. But it's possible they were comparing them to basket pipes. (?) I don't think anyone would seriously advocate that they were/are "better than" other, equivalent high grades, then or now.
For me the draw of current production Dunhills is that there simply isn't anyone else left from the glory days of London made pipes. You can't buy a current production Loewe or a Sasieni or a Charatan or a Comoy's or a GBD or an Orlik that has any connection to the legacy that made those names famous. Only Dunhill. So for that alone, Dunhills justify their existence.
Whatever floats your boat. But why confine yourself to current production that's going to lose 50%+ of its value by the time you get it home ?
considering how long they have produced pipes and the number produced over this time, why bother with new when there are so many available on the "estate" market at far more reasonable $s.
And many of them are already broken in for you. If they're haunted, Mike Myers can fix that cheaply.
Everything has a hedge. Mine in the pipe market are cobs, no-namers and fixer-uppers. They see intrinsic and gained VOT much more so that direct depreciation/appreciation.
Even if you want to confine yourself to English pipes (and, for real -- how many Scottish or Welsh pipes have ever been made ?), with "estates," you can't taste the name. Really. Most of the pre-1980 no-names (Genuine Imported Briar) & private-labels (Veebelfeetzer's Smoke Shop) came from the same factories that produced the "names."
At the $100 total investment point, a cleaned-up, re-stemmed old no-name that was well made of good briar to begin with puts you
miles ahead of anything you can find out there new.
The sole exception to that I can think of would be a new maker just getting started (like the sale Scotties is having) or basically working for friends (Growley).
But people are so relentlessly programmed to buy NEW stuff that they don't even consider the alternatives. If they really did get what they paid for in value, it would be one thing. But the way things are going, I increasingly doubt that's the case.
:face: