FlypanamI thought the same thing, but if it were automatic or manual wind it would cost at least an order of magnitude more. A triple calendar moonphase is not an easy caliber to produce.
FarragoIt is a nice watch though. Frederique Constant tends to price their watches in line with finishing. Some of their watches (both auto and quartz) are rather well made for the price. There are so many garbage Swiss watches under a $1,000. They are one of the few that actually makes some nice ones. It may be that they are 50% made in China, but I would rather have a nicer watch at a given price than one with more Swiss-sourced parts. That is probably why I buy so many Seiko's and German watches.