Chef Andrew Zimmern said in his weekly Ask Me Anything segment that for him, knives that cost "hundreds of dollars" is in the “mid-range,” and he owns a far more expensive collection of knives. "I probably have 200 knives and some of them [...] are worth a fortune," says the chef, who admits to using only half the knives he owns.

Zimmern advices that a good chef’s knife is a long-term investment, so each knife can cost between $50 to $100. He says that when buying a knife, the blade is of real importance because “it’s really all about the steel,” but you should get a home knife sharpener or sharpen your knives twice a year.

On the highest end, the German Nesmuk Jahrhundertmesser 2010 has a Damascus steel blade with a 5,000-year-old wooden handle set with 25 diamonds, priced at $81,000. However, you don’t need to shell out a fortune for them too, because Zimmern says that mass-produced knives with a plastic handle work just fine.