Red Shanghai 19 Jewel NOS Watch from the Great China 1970

This is an New Old  Stock Shanghai 19 jewels Watch with Red Date and Red Second Point. Does it look old or Does it look modern after sleeping for 42 years!?
Friend of mine asked me for HKD$600, that is the price of a Dinner buffet at Holiday Inn Golden Miles, but that watch might cost someone's 4 month Salary in the 70's!
Time has changed, Monney depreciates, but the name of Shanghai depreciates even more rapidly than RMB. What if this was a Rolex, Patek Philippe, well, that will be different story!
If you run business in Shanghai using products of Shanghai Tang, you should equipped with one of this Watch!
Shanghai Snob