Price has little to do with it except, and this is important, your chances of getting a great pipe increase with cost, within reason.
What Warren said.
When I am attempting to sell a pipe, I like to say "buy the best pipe you can afford." This weekend I sold 2 baskets, 3 cobs, and two pipes over $100....ensured all were drilled well and could take a cleaner.
I've had a basket smoke better than a Dunhill....but there's been many baskets I talk people out of due to drilling issues and very few high end pipes that have drilling issues.
And whether a cob or a high end I STRESS cleaning and proper care...b/c as Cosmic said some folks can drop $800 easily on a pipe. And I don't know if the person I'm selling a cob to today; will end up wanting an $800 pipe later, and I want the person to love each pipe they own