Yes, some said you buy the watch according to your own liking, such as brand, dial style etc, but in long term, movement does play an important role for the accuracy, serviceability, cost to service & repair, spare parts availability etc. And all those criteria will affect the value of the watch indirectly. It is like a car, you buy it because you like how it looks, of course when it's new you'll be happy, when it aged and and requiring repair, your head will be big because of the repair cost, limited workshop that know how to fix it, or waiting months for the spare parts! And it depreciate too much that you're not willing to sell it!!
My friend is currently facing such problem with his Rolex his father pass to him, too inaccurate he often ask me for time, and quoted RM600 to service, where it only valued somewhere around RM3000-4000.
Just my 2 cents
