It's certainly left the realms of a bargain, but it's not expensive for a Cal 11/12 watch. And what a handsome one it is - I think you have great taste in watches Brook. I must confess that these make my wallet twitch more than a lot of Heuers do.
I'm not sure the market price for Hamilton chrono-matics is as clearly defined as Heuers have become. Looking around eBay, you find two pretty much identical fontainebleus, but the buy-it-now price ranges from ~$900 to ~$1800. And the fontainebleu, in my eyes, is not as attractive a watch as this model. Your watch is starting to look like more and more of a bargain.