The watch's value is whatever you are willing to pay for it. It is difficult to really give a 'price' to these kinds of watches, since they are not 'real.'
I would not buy it. Plus, did you see that this MONSTER is 48mm not including the crown? That will legitimately look like a dinner plate.
For a similar price, without the IWC name, you could pick up a Stowa. Aesthetically similar, except this is a 'real' wristwatch, from a company with its own heritage.