Movies that are very expensive to make tend to be bad, because they have to make returns and thus appeal to a large amorphous population without any specialization, i.e. the lowest common denominator but in TV Tropes terminology rather than mathematics: tvtropes.org/pmwiki/pmwiki.php/Main/LowestCommonDenominator.
Looking down the largest flops of all time list didn't help much, only Heaven's gate appears reasonable from the top 20.