Huh? That's not even remotely accurate. There are tons of Nikes and Adidas way beyond $200, and even more so for "collectible" sneakers, and way more so ($1000 easily) for quality leather shoes.
E.g:
https://www.adidas.com/us/originals-shoes?sort=price-high-to...
https://store.nike.com/us/en_us/pw/mens-shoes/7puZoi3?sortOr...
https://www.colehaan.com/mens-shoes?pmax=351.00&pmin=251.00
https://www.thefryecompany.com/mens/boots?product_list_order...
And I'm not including any high-fashion brands...
Shoes for aesthetics are beyond my scope.
Well, in my here parts, sneakers (which can easily go in the $200+ and even multi-$Ks for pure aesthetics/vintage) still count as "athletic shoes".
For sneakers I’m not convinced that spending $200 is worth it. For hiking boots I’m pretty skeptical of anything I see that’s under $200, or maybe $150 on sale.
There doesn't seem to be a noticeable difference between their $80 and $240 shoes though.