No, it depends entire entirely on the quality of the ingredients, for both skincare and makeup.
For anti-ageing the only thing scientifically proven, with decades of research and substantiation to work to vastly slow ageing progress, and reverse wrinkles (to a degree) is retin-A. The prescription strength stuff, not the retinoids you find in over the counter products.
Any other anti-ageing stuff is a bit emperor's new clothes, in that they may make your skin look temporarily more hydrated and plump, and perhaps more even toned, giving the appearance of younger looking skin, but the only thing which actually works is retin-A.
I used to use very high end, but I'd switched to looking at the quality of the ingredients in the product instead, though I very rarely pay more than $10 for an item these days as it simply isn't worth it.
With the rise of The Inkey List, The Ordinary and their peers, not to mention all the amazing Asian beauty products, along with the Reddit Skincare Addiction its easy to gain the knowledge to find what works for you, and which specific ingredients to avoid.
A case which springs to mind is the IT Cosmetics CC cream, I've switched to the Physician's Formula Super CC dupe as the ingredients are vastly superior and its half the price. It looks and lasts identically on my skin too.