I wouldn't spend any money until you decide what you like to smoke. i.e. type of tobacco (flake, ribbon, coin, flavour etc...), and what size pipe you enjoy out of. Myself, I smoke 90% Ennerdale flake and that's pretty much all I buy. Almost out now, but have a pound on the way which should last me about a month. The rest of the time I smoke condor which I buy by the half-pound. Since they have a taste that go well together, I don't worry about ghosting and smoke out of the same pipe. I will also smoke VAPER's and burleys out the same pipe, but never any aromatic or Lakatia blend will touch it! I like a small pipe, meaning a maximum .625 dia bowl, and 1.25-1.5 deep. Before I figured this out 5 years ago, I wasted money on bigger pipes that I pretty much never smoke.
So, spend some time figuring out what you like, then get the pipe you want! My favorite pipe these days is my Peterson 317- I think $100 or so. I also have a basket Italian made billiard I like which I paid $20 for, and it outsmokes my more expensive Italian pipes by a mile.
I dislike Meerschaum pipes because they aren't hardy, but they smoke okay.