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this is just my opinion,
as you said, Fendi is a fashion watch. Most of the value is from the name

other things that could increase the value of fashion watches are:
- precious metal/stones/jewels used
- good movements, most of these watches use movements from other watchmaker (sometime from well known brand names), Tiffany had used Vacheron, Blancpain, etc. Not sure about Fendi, but if that movement is a quartz, well ... dont think there's much value on that movement.

see if you can find out which quartz movement is used and who had made the movement.
 
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