It's all relative I suppose, but no I wouldn't be paying 4 figures for a watch running a 50 quid Japanese auto movement.
The ceiling there for me is basically whatever the equivalent Seiko offering is - which I guess is mid to high hundreds.
At that price point I would expect, at minimum, the Sellita automatic which seems to have replaced the ubiquitous ETA 2824 as a reliable go-to for independents.