I wear an analog watch; I've never spent over $200 on a watch, despite being a bit picky (I insist on a day-of-week feature).

Seiko doesn't seem to make the movement in my watch anymore (5M83), but the equivalent automatic-winding mechanical watch can be had for under $200 still.

Casio and Citizen sell analog watches for under $100.

You're right, that's just my perspective.

I've been on Amazfit Bip S. That's 10% of the price if we account for taxes and delivery.

And I haven't even considered the vast majority of alternatives due to (IMO) ugly OLED screens. Wouldn't buy any of those even for 30$, but you're right, they can be quite expensive.