Using ancient Sparta as a case study, I would say that the Greeks did not place a lot of emphasis on monarch. In fact their perception and relationship to monarchy was very subdued .The Spartans operated a bi-monarchial system of monarchy .In essence; they did not value monarchy, in the sense that monarchy can only be practiced absolutely for it to have a true meaning.
Aristocracy: In ancient Greece, the aristocracy was more pronounced in Athens than in Sparta. The Athenians placed a lot of emphasis on democracy and democracy itself since time immemorial have created directed and/or indirectly created an aristocratic class within that democracy. The Spartans where more war-like and placed more emphasis on physical prowess and ability.