With leather I've found that price doesn't always match quality. I dance tango and am from Argentina and the cheapest leather shoes I could find, which were exquisitely crafted in my local neighbourhood were only about 200 pesos (at the time, roughly 20 USD), made of leather, still perfectly usable 5 years later. If you went to the "speciality" stores downtown you would see shoes at 10 times the price and noticeably worse quality.

(I say this because I used to side eye any cheap leather items, but I've found that depending where you're buying and who you're buying it from it can be an absolute bargain)