Does higher price of a champion means its better?

So we have some champions price order, the brand new costs 7800 ip, later its going to 6300 tier ip, 4800 ip etc We have so many champions right now. But what the price really means? If we only look at the last LCS Final - two games was Ashe - 450ip, two games Sivir - 450ip, also Faker as Ryze - 450ip Does that mean newer champs are not so good? Or maybe the old ones are so good? Have you any thoughs on that, while havin almost 130 champions, the pros are playin often the ol' ones?
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