Generally speaking...good steel only comes from 4 countries...US, England, Germany, and Japan. China, Korea, and Brazil are only capable of producing butter knives.
A decent set of knives will likely run you $300 or so; chefs are likely to invest well into 4 digits. $29.95 will get you the aforementioned set of butter knives by such brands as Farberware or Tramontina.
You will most likely buy the rack separately.
Another consideration is buying a set of knives may force you to accept what someone else thinks you need. You may need to buy separately to get what you want.
I'd suggest starting with a Parer or two, a Chef, a Slicer, a decent Cleaver, and a *good* whetstone.
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