This is my Tag Heuer automatic. I got it from my family when I got out of boot camp. My wife worked at the bailey banks and biddle jewlery store, so she got it for much less than retail, but she said they retail around $1000. As you can see, I wear it. I wore it on the submarine every patrol, and have worn it everyday since then. It has taken every bit of abuse I can give it and still keeps perfect time.
This is what i wear on a daily basis, I got it for my 17th birthday from my aunt and uncle:
I also have a Movado that my parents gave me for high school graduation a few years ago. I never wear except if I have an occassion where I wear a suit. When I turned 15 my grandfather gave me his Rolex. That is more of a family tradition and heirloom than a watch that I actually wear. These two watches I'm going to keep an eventually pass down to my children, so needless to say they're locked up.
Pretty much any quartz watch you get is the same as any other quartz watch for accuracy and durability, there's not much point in spending much $$ on one other than for looks. A $5 Timex will keep time just as well as a $500 Movado, the Movado just looks nicer.
The big bucks come when you get an automatic, then it's all about the movement. Very few companies actually make their own movements, so if you find a movement you like you can often find it in a watch in your price range. For instance, i really like the Valjoux 5150 and you can find it in watches costing anywhere from $2500 to over $8000. Exact same movement=same watch for all intents and purposes, you're just paying for the name.
***edit*** i meant the Valjoux 7751. Too much Van Halen on the brain methinks...