nono, the gold+jewels are worth somewhere around or over $2400. You've got to factor in the actual watch working itself, the antique value, etc. It's more for a collector.
It's my moms bosses, he collects watches. He's got watches worth around $15,000. He said in a couple of years I could sell that one too. Right now he's just trying to get rid of some of his collection, since he's really only after this one particular watch. I get 10% of the sales, and if I sell this one he has other ones I can sell.