What makes a watch the Bee’s Knee’s (grail)? I would say the following:

1. Design (beauty) – a classic design:
a. black face w/ black dail & sub’s
b. white hands and indices
c. black bezel
d. stainless steel
e. Comfortable to wear

2. Utility
a. Automatic
b. As chuck says, “tough as nails”
c. Easily read (contrasting dial)
d. Chronograph
e. 24 hour indicator
f. Day & Date window

3. Distinctiveness
a. Based on a “Legend”
b. Limited number produced
c. Outstanding movement that has been “retired”
d. Availability rare
e. Looks great with blue jeans, business suit or a tux (if you need to wear a watch with a tux).

Let face it – the 376.0822 meets each and everyone of these.

I would add that while the price of the “Grail” is certainly rising, it is still a bargain in comparison to many other “high end” brands.

- this is just IMHO - scott