The price of the item is not always refective of the quality.
In horology, we have very expensive watches that are still cheap in quality. I have two watches on my work bench; both a Tissot and a Tag Heuer. They are both in quality stainless steel cases, with the same eta quartz module costing approximately $45 trade. Both have rotating bezels with a screw down crown and of same water resistant capacity. There is nothing wrong with neither of them but in need of a new battery and pressure testing.
The DIFFERENCE is the price tag, where one is over $3000 and the other $500. Without declaring which is which, I guess you can all work out which one had the higher price TAG (excuse the pun). You could say that the $500 timepiece is cheap and should be avoided, but the $3000 one is appealing because you are paying more so you believe to get a lot more for your money. In my opinion they are either; both junk or both good, depending on which angle you look at. Now, if you are buying a lower end Rolex for $3000, then this is different as it is all inhouse with a mechanical module which is of course more expensive. I cannot justify paying $3000 for one of those watches sitting on my work bench. That is very inferior quality for the price you pay, but definitely NOT cheap!!!. I could build a generic clone of the same for just under for $200. Surely if Seiko had 4 digit price tags, then they would not be looked at as cheap or inexpensive.