Can you tell the difference between a $200 and a $200,000 guitar?

Different pickups and strings will produce different sound for each guitar. The wood they are made of has no effect when they are plugged into an amp. Tonewood is a myth employed by marketers to justify higher prices.

@jasonbourne71 These are classical guitars. 

I shared a country house some years ago with professional classical guitarists, and clear difference in sound when they brought home custom made guitars from Spain, though no idea the actual cost...

An accomplished musician with a "cheap" instrument will hold your attention over a poser with an expensive one.

@noromance : My mistake! Yes, acoustic guitars all sound different. Just like violins, violas, cellos ... Since sound quality is so subjective one may prefer the cheap guitar over the expensive one!