No. Actuallly, most of todays "flagships" cost more SIM free. Which is riduculous.
The most expensive phone for me was P800. But at the time that phone was something, it was unique and packed with a lot of uncommon things for the time.
And as technology went forward a lot of things became 1000x cheaper and any 50€ phone is way more advanced (OS on a side) than P800 which I paid over a 1000€.
So asking 700€-800€ is ridiculous. For a POS that won't be "flagship" even in that one company for a year.
They all try to overcharge HW while the most important part of the experience, SW, is usually buggy from the beggining and stays like that till the EOL. Which also comes way to fast for something of such a high price.