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Jonte-
I haven't got the widest experience on the matter but that's rather good value compared to the small scale high end watch makers I know. I've always factored about £25k for a simple hand made movement watch.
The chap I know best starts at 23k euros for a manual wind which normally takes him about two months to make. Up to a year full time for something with complications.
Stonehedge
No one posted this yet?
https://www.theguardian.com/artanddesign/gallery/2019/feb/22/art-watchmaking-craig-rebecca-struthers-jewellery-quarter-birmingham-pictures