Is the IWC Portugieser Chronograph (Ref. IW371617) worth it?

WatchMerit currently rates the Ref. IW371617 a Hold. Flat to slightly soft; in-house calibre 69355 supports value.

Any offer between $13,206 and $15,194 is considered a fair price — that's a ±7% band around the median. Below that range is under-market; above it is overpriced.

Full-set examples (box, papers, unpolished) sit near the middle of that range. Watch out for missing papers or heavy polishing — expect a 5–15% discount from median in those cases. International grey-market listings can look cheaper but almost always add GST, import duty and freight once landed.

Every live listing on WatchMerit is auto-labelled Under Market, Fair Price or Overpriced against this band, so you never have to guess.

Flat to slightly soft; in-house calibre 69355 supports value. Collector demand is currently Medium — Loyal IWC base; broader market awareness limited.

Buying new from an authorised dealer typically involves a wait of about 3 months (IWC boutique typically in stock). For most buyers, the secondary market is the realistic route.

Historical secondary-market prices for the Ref. IW371617 have appreciated approximately 17.4% from the earliest tracked year to today, indexed from public market data, auction results and Australian dealer trade sheets.

Rarity is rated Rare (3.10% of the collector pool) — IWC ~50k pcs/yr. Rarer references tend to hold value better in soft markets, but liquidity can be lower.

Indicative only. Not financial advice. Past performance does not guarantee future returns.

Portugieser Chronograph 41mm with the in-house calibre 69355 (finally, after two decades of Valjoux 7750). Slim case, applied Arabic numerals, feuille hands. IWC boutiques usually have one.