Im pretty new to smoking culture/glassware, but I'm almost positive I recently ripped that exact piece, or at least a very similar one, and I have to say, there is not a doubt in my mind that really high quality pieces like that are worth every single penny, and to be honest I probably wouldn't have believed someone if they had told me that before I hit one. I'm officially a believer. If I had the cash to drop on something really nice, I would do it in a heartbeat and never look back. The one that I hit cost $600 all told, if thats a good indicator of whether or not it was the same exact one.
Anyway, like I said, i'm newish to smoking, but I'm very new to high end glassware, in that I have never actually owned any. Never even owned a bong. And I have to say, its rather intimidating. I'm still trying to wrap my head around what the hell percolators and diffusers and such are, and i'm finding its not necessarily an easy thing to learn about/get into because it seems like everyone involved is already so much more advanced from a knowledge standpoint.