I think the first misconception is higher-end priced bass is always better.
Most higher-end bass priced that way because instead of all processes being automated by machine, they are handcrafted by a luthier. Which means the labor cost increase, doesn't help that some workshop even locates in higher living standard areal like NYC.
In this day of age, basses cost around $1000 or less always have great electronics and great built. I have your mid-level stuff like Fender America standard, EBMM Stingray to higher-end stuff like Fodera, Sadowsky NYC, Warwick Custom Shop..etc
I'd be surprised if anyone can tell which one sounds more expensive in a recording but as a player, there are some minute details in boutique bass not always present in mass-produced basses. Things like rolling fretboard edge, consistency of the fret levels, slightly asymmetrical neck profile that makes you feel equally comfortable when playing the low notes, and the higher notes. sort of stuff. I think these things can be appreciated by even not so great bass players.
In the end, use what works for you. I have friends who play professionally and use sub $1000 bass and they are not sponsored, they use it just because they like how they play and sound.