IWC Watches: Complete Price Guide & Buyer's Guide

Founded in Schaffhausen, Switzerland in 1868 by American watchmaker Florentine Ariosto Jones, IWC (International Watch Company) blends Swiss craftsmanship with engineering precision. Now part of the Richemont Group alongside Cartier and Jaeger-LeCoultre, IWC is known for its Portugieser, Pilot, and Portofino collections. Pre-owned IWC watches on eBay range from $2,500 for Portofino automatics to $25,000+ for Portugieser Perpetual Calendars.

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IWC Prices by Model — What They Actually Sell For

Real eBay transaction prices for current and recent-generation IWC references. Prices reflect pre-owned condition with box and/or papers where typical.

Model	Reference	eBay Price Range	Notes
Portugieser Chronograph	IW371609	$5,500 – $8,500	Most iconic IWC, in-house cal. 69355
Portugieser Automatic 40	IW358305	$4,500 – $7,000	Clean time-only, 40.4mm, new for 2024
Pilot Mark XX	IW328203	$3,000 – $4,500	Most accessible IWC automatic
Big Pilot 43	IW329301	$6,000 – $9,000	Iconic oversized pilot, in-house 82100
Pilot Chronograph 41	IW388101	$4,000 – $6,500	Sporty chrono, ceramic or steel
Portofino Automatic 40	IW356517	$2,800 – $4,500	Elegant dress watch, slim profile
Portofino Chronograph	IW391036	$3,500 – $5,500	Dress chronograph, 42mm
Aquatimer Automatic	IW328801	$3,500 – $5,500	Dive watch, SafeDive bezel system
Ingenieur Automatic 40	IW328901	$4,500 – $7,000	Sports watch, integrated bracelet
Portugieser Perpetual Calendar	IW344203	$15,000 – $25,000	Grand complication, 7-day reserve

Prices updated February 2026. Actual values depend on condition, papers, box, bracelet, and service history.

Why IWC? Engineering Excellence from Schaffhausen

IWC occupies a unique position in Swiss watchmaking: it's the brand that engineers choose. While Rolex dominates mainstream luxury and Patek Philippe rules haute horlogerie, IWC appeals to buyers who appreciate technical innovation, restrained design, and genuine manufacturing heritage. The Schaffhausen manufacture produces movements with features like the Pellaton automatic winding system — a bi-directional pawl-winding mechanism that's more efficient and durable than conventional rotor designs.

The Portugieser Chronograph is one of the most elegant sport watches ever designed — its clean dial with railroad-style minute track and slim bezel has been copied by countless brands. The Big Pilot, with its oversized crown and distinctive triangle-at-12 dial layout, is instantly recognizable. And the Portofino offers a refined dress watch at prices that undercut comparable Jaeger-LeCoultre and Blancpain models.

For eBay buyers, IWC represents outstanding value on the secondary market. The brand's depreciation is steeper than Rolex (which benefits the buyer), with pre-owned Portugieser Chronographs available for $5,500-$8,500 — well below the $8,350 retail price. Pilot Mark XX watches can be found for $3,000-$4,500, making them competitive with Omega Speedmasters.

Explore IWC Collections

Portugieser CollectionComing soon

Elegant chronographs and complications from IWC's flagship line.

Pilot CollectionComing soon

Aviation heritage from Mark XX to Big Pilot.

Portofino CollectionComing soon

Refined dress watches with Italian inspiration.

Aquatimer CollectionComing soon

Professional dive watches with SafeDive system.

How to Authenticate an IWC Watch

IWC counterfeits exist, particularly for popular models like the Portugieser Chronograph and Big Pilot. Here are the key authentication checks.

1Verify the IWC Schaffhausen logo and Probus Scafusia ("from the good city of Schaffhausen") engraving on the caseback
2Check movement quality through the display caseback — IWC movements have distinctive Côtes de Genève decoration and blue screws
3The sapphire crystal should be double anti-reflective coated, giving a clear, distortion-free view
4Serial number should be engraved on the caseback with matching documentation — verify with IWC if possible
5Crown operation should be precise: IWC crowns are engineered for smooth winding with distinct position clicks

See Our Rolex Authentication Guide for Reference

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All IWC Portugieser Pilot Portofino Under $5,000

Frequently Asked Questions

What does IWC stand for?

IWC stands for International Watch Company. Founded in 1868 by American watchmaker Florentine Ariosto Jones in Schaffhausen, Switzerland, IWC was established to combine American manufacturing efficiency with Swiss craftsmanship. It remains one of the few Swiss luxury watch brands based in German-speaking Switzerland (most are in the French-speaking Jura region), giving its watches a distinctive engineering-focused identity.

How much does an IWC watch cost?

New IWC watches retail from approximately $5,000 for the Portofino Automatic to over $30,000 for complications like the Portugieser Perpetual Calendar. On the pre-owned market (eBay), prices range from $2,500-$4,000 for Portofino and Pilot Mark XVIII/XX models to $8,000-$15,000 for Portugieser Chronographs. IWC offers exceptional in-house movements and finishing at prices below Rolex sport models.

Is IWC better than Rolex?

IWC and Rolex serve different markets. Rolex focuses on robust tool watches with unmatched brand recognition and resale value. IWC emphasizes engineering heritage, larger case sizes, and elegant complications like perpetual calendars and minute repeaters. IWC watches typically depreciate more on the secondary market (making them better buys pre-owned), while Rolex holds or appreciates in value. Both brands produce excellent in-house movements — the choice depends on whether you prioritize engineering sophistication (IWC) or brand cachet and resale (Rolex).

What is the most popular IWC watch?

The Portugieser Chronograph (ref. IW371609/IW371605) is IWC's most iconic and best-selling model. Its clean dial with two subdials, slim bezel, and 41mm case size make it one of the most elegant chronographs in watchmaking. The Pilot's Watch Mark XX (ref. IW328203) is the brand's most accessible automatic at around $5,000 retail, while the Big Pilot (ref. IW329301) is the most recognizable with its oversized 43mm case and distinctive crown.

Does IWC use in-house movements?

Yes, IWC has been expanding its in-house movement production significantly. The caliber 69000 family (chronograph) and 52000 family (time-and-date with Pellaton winding) are fully manufactured in Schaffhausen. The Portugieser Chronograph uses the in-house 69355 with 46-hour power reserve, while the Pilot Mark XX uses the 32111 (based on Sellita SW300). Higher-end models like the Portugieser Perpetual Calendar use the fully in-house 52615 with a 7-day power reserve.

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