Over the last years, advancements in deep learning models for computer vision have led to a dramatic improvement in their image classification accuracy. However, models with a higher accuracy in the task they were trained on do not necessarily develop better image representations that allow them to also perform better in other tasks they were not trained on. In order to investigate the representation learning capabilities of prominent high-performing computer vision models, we investigated how well they capture various indices of perceptual similarity from large-scale behavioral datasets. We find that higher image classification accuracy rates are not associated with a better performance on these datasets, and in fact we observe no improvement in performance since GoogLeNet (released 2015) and VGG-M (released 2014). We speculate that more accurate classification may result from hyper-engineering towards very fine-grained distinctions between highly similar classes, which does not incentivize the models to capture overall perceptual similarities.