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Why do Montreals go so cheap? *LINK*

I did a search for Montreals on the request of a friend and found two that went for less than 650euros . One went for 477euros , I have seen parts go for more than that . Does anyone know why?
Thanks

http://cgi.ebay.com/Heuer-Montreal-Automatic-Chronographe-1974_W0QQitemZ110051606848QQihZ001QQcategoryZ14362QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

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Why do Montreals go so cheap? *LINK*
White Elephants ? ? ?
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