Wow-not sure how those values are figured,or where you are getting them from! I suspect,after seeing Kevin's link,it's from the Pocket Watch Data Base...I don't know what is going on there. $400 is crazy...maybe it's some kind of ebay sales market average? Anyway-be careful...Neil is correct-maybe $10 or so for that movement.
Neil,as much as I sympathize and agree with your opinion on the "Complete Price Guide To Watches", it really is all we have sometimes to offer new guys when it comes to value. And as an intro to this hobby. I wish there was better! I preach caution,but try not to scare anyone away from it at the same time;you know what I mean? It does do a good job of helping people understand some basics in horology, as long as they understand it is a guide,not a Bible. Especially on value.
And you are certainly correct about having fun-we can't let scammers or the greedy ruin things...
Question and double check everything! Come to Global Horology and get the facts!
I think this topic Mike started is a decent example of how far off track prices can get. That is scary-$400. Maybe in a solid gold case!