A cigar factory can not stay in business by wasting high grade tobacco destined for $8 cigars by generating hundreds of thousands of "2nds" with it. This is particularly important when using a finite supply of "7 year old vintage tobacco". :2
Unless, of course, a lot of $8 cigars are really not that much different than the $2 cigars, except for the fancy boxes and marketing campaigns. Personally, I think 90% of the time, a tobacco leaf is just a tobacco leaf. There's way too much hoopla about 7- or 9- or 12-year old leaves floating around in the trade advertisements these days.
I'm not saying all cigars are the same. A Padron 1926 has higher quality leaves than a Don Kiki Green Label -- and it's rolled by more experienced employees, so you're much likelier to get a consistent, quality smoke. But I'm not sold on the idea that an RP Vintage is that much better leaf than RP Fire.
Some people call me a fool, but I'd bet that the JR Alternatives to HdM Excaliburs are the exact same cigar as the "real thing". To me, they taste the same. Plus, it is a known fact that JR Ultimates are made in the same factory, and my theory is that they produce a certain number of cigars of the same blend. If they can sell $2M at the premium price with the premium label, then so be it. They sell another $2M to JR to sell under the alternatives label. According to JR website, this is how Lew sold Punch "Alternatives" and Royal Jamaica "Alternatives" for years.
Now, do I think the JR Alternatives to Fuente - or the TNT knock offs of Padron -- are the real thing? No, but I think it happens more often than a lot of people want to admit - especially with the big conglomerate companies, like General Cigar.
The cigar biz is a lot like the perfume industry. Advertising sells, and the final go-to-market price has a lot to do with how the product is "perceived", regardless of any actual tangible measurable value.
Just my opinion... of course.