Bad value for money is very subjective, relative and personal.
If I had an inheritance/windfall of RM 100 Million or more, I'd buy not only high horology watches costing 6 or 7 figures but also every single watch that caught my passing fancy but those would most prolly get thrown out or given away the next day without blinking when the interest wore off on me. Every watch to me then would be value for money coz I have lotss of it.
Ok , ok, I exaggerate…
Since most of us or rather 98.0% or 99.9% of us could never buy every single watch model that we wished to own... we already have enough problems owning that 1% of watches we liked without listing out the other 99% that we didn’t like.
Having said that I'd still have a list of some brands off the back of my head that I can’t see myself ever buying into with my own hard earned money based on their CURRENT DNA/price points to-date. Some of these brands previously had impressive chronological achievements but had gone bankrupt in 70’s and subsequently bought over by investors where some OEMed their watches to the many independent Swiss ateliers if not China/HK/Malaysia/Singapore factories. Some are completely new upstarts. Some are just copy cats. Some ride on 'hard to prove or disprove' links to aviation,military,famous ships,planes, what have you. Some are pure marketing spin. Some are jewelers that focus on precious stones and using an outsourced movement.
In this current day and time with CNC machines, CAD/CAM, laser etching, DRIE, etc, its almost difficult to find poor quality or watches that don’t work reasonably well. Rather it’s about finding watches that have their own ‘special or unique qualities’ whether revolutionary or high horology complications/movements, exotic materials, exceptional horological performance, etc, i.e. their very own brand DNA, not copies of other brands or followers of current trends.
Although I have a list of those brands in my mind, I am always conscious that one must 'never say never' coz things are almost always fluid..
If and when a new owner takes over, the DNA of that brand could change invariably or take a new direction.
An example that comes to mind is Cartier. From long way back, Cartier to me was just an expensive jeweler that also made watches, focusing more on the design & artistic element but using e-bauches ranging from JLC, Piquet to run of the mill ETAs. Yes, there were some exceptional made to order pieces but these were one off. With Carole Forestier-Kasapi's entry sometime 2000, they have moved towards designing and manufacturing many new in-house high complications. Just too bad their premiums are very high where there are equally capable manufactures offering better price/value ratio.
Of course this is only MY choice and opinion. Everyone has their right to their choice and opinion, too.
I believe that 'we should always agree to disagree' without being personal.
And if you don't agree to that, I’m ok with it, too.