A lot of it is little things you can't see unless you hold the knife in your hands and compare. Little things like every single surface being finished properly, tension of lock being carefully tuned until the knife is just right. The last 20% is all the work.
Another part is the steel. I know it sounds hard to believe, but the difference between a mid-range steel in a 50-100 dollar knife and a super steel like M390 is amazing. We're talking going from sharpening a hard use knife more than once a day to once a week at the extremes. These steels are very hard to produce and command a premium.
Third part is name. Let's face it, while Chris Reeve knives are amazing and nearly perfect in fit/finish/materials, and justly deserve their reputation, part of that price is his name. And a lot of the time, it's worth it, because a good knife designer will identify problems before your average "churn out a pile of knives" setup will. Hell, some of these guys are so good at making knives, they can identify that problem that you "can't put your finger on" before it becomes a problem and make that knife even more perfect in your hand.
But, it's hard unless you know steels and materials and tiny little details that make knives really perfect to identify these things. It's kinda like scotch. Your average guy can say "I like this" or "I don't like this", but they don't know enough to say why they like something or what makes that scotch really special.
There's great knives at every price point and tool around here long enough and you'll find them. Off hand, I suggest: Spyderco Paramilitary or Manix, Mora, Opinel #8, Kershaw Blur, and something survivally like a Scrap Yard Knife Co. 311.
The pattern is called a Hamon and is the pattern left by a differential heat treating a knife (so the edge is very hard and holds an edge, while the back of the blade is softer and absorbs blows). This is only really left on carbon steels like W2 and honestly isn't needed on many of the supersteels, but it looks beautiful and identifies that the craftsman that made the blade really knew what they were doing.