I'll use about $100 worth of u-locks to lock up my not-super-visually-impressive $250 spare parts city errand bike as long as overnight (and this is in NYC).
But I think the strike point where spending more on heavier/fancier locks to secure a more valuable bike just stops making sense is right about at the price point I'm already at, most nicer bikes are simply too nice to leave unattended on city streets in the US or anywhere else where bike theft is a concern. Someone with a good set of pocket tools could rip $500 worth of parts off a well-locked frameset and wheels in 20 mins without making any noise... and I don't think a non-cuttable material helps that scenario, even if it does make very secure locks attainability light.
(Could be a really big deal for bike touring folks though, who often ride out with a cheap cable lock at best because anything better is too heavy to carry for days/weeks)
Way back in highschool this always used to baffle me. You'd get kids spending $50+ on super fancy locks for their lockers, but all these locks equally were fastened to the locker with a flimsy little hasp that you could cut with a pair of tin snips, assuming you didn't just bend back the door of the locker itself.