I have a lot of cheap socks. I don't wear them very often. My favorite socks are a hand knit, wool blend sock. They can cost up to $14/pair, just depends on where we can get the yarn, and what kind of new one my mom wants to try. Eventually I'll have her show me how to knit them, but until then, I'll keep pitching in on yarn if she'll knit some for me. I'm hoping I'll find an amazing deal on yarn one of these days, and just stock up.
I wouldn't normally pay $11/pair of "regular" socks, but if I really wanted them, I'd be happy if someone bought them for me as a present.