Basket pipe is an inherently loose term that can mean different things from pipe stop to pipe shop. It comes from pipe shops having a basket in which they sell a seemingly random variety of less expensive pipes, although these days those can start at sixty dollars or more. What you find in the basket depends entirely on the shop. Some have only the cheapest available pipes -- off brands, no brands, pipes stamped only with the nation of origin which is often not a major pipe-making country. But don't skip the pipe basket. Figure out what that shop is doing with it. Many baskets have a whole range of pipes from stamped name brands in good shape to lesser pipes and some real cheapies. At some shops, it is almost like lotto. In among the cheapie are two or three higher quality pipes at half price. It's worth a look. Many many years ago, my local indy shop had an unfinished Savenelli in the basket that I bought for about $35 that has proved to be a fine smoker with a fine walnut "finish" caused by years of smoking.