Ive got 3 meers that I consider "regular" smokers.... two were pretty inexpensive.. less than $50 each.. the third one was pretty pricy.. I gave about $250 for it.. but it is a custom, one off, hand carved job that I got from this guy while I was in Turkey this past summer..
http://meerschaumwork.com/index.html
To be honest.. it doesnt smoke any better/worse than the inexpensive pipes.. but it really is a work of art.. and it was really cool getting to spend some time with Bilal in his shop (the guy that carved the pipe)..
All of my meers (to include the inexpensive ones) burn cooler than all of my briars (to include the expensive ones).. and like Craig has already said, theyre incombustible..
but the real appeal for me is visual.. I just like the way they look..
If you decide to contact Bilal.. remember he is a Turk.. this means EVERYTHING is negotiable..
We started out with a price that was MUCH higher than what I paid for the pipe (close to $500.. which was not only ridiculous.. but also well out of my budget..)... and I also managed to talk him into giving me a replacement stem for one of my other meers that needed one.. and a couple of other little trinkets, etc.. while I was in his shop...
This is just how business is done in Turkey.. youre not going to offend him if you tell him he is too expensive... youll more likely offend him if you dont tell him.. bartering, negotiating, and haggling is all part of the process over there.. and most Turks I interacted with really enjoy it (there is a social aspect to it all that they seem to like quite a bit)..