IWC (International Watch Company), founded in Schaffhausen in 1868 by American watchmaker Florentine Ariosto Jones, is the only major Swiss watchmaker located in eastern Switzerland rather than the Jura arc. The brand is known for engineering-focused watchmaking with an emphasis on tool watches — particularly pilots' watches and dive watches.
IWC produces in-house movements for its higher-tier models (Portugieser Chronograph, Big Pilot) while using modified Sellita/ETA bases for entry-level pieces. The in-house calibres feature Pellaton winding, a proprietary bidirectional automatic winding system that is exceptionally robust and efficient.
IWC watches are available at authorized dealers, typically without waitlists. Discounts of 10-20% are possible at ADs, with grey market offerings at steeper reductions. The Portugieser line offers the most horological substance per dollar, while the Pilot collection provides robust tool watch aesthetics.
IWC recommends servicing every 5-8 years with costs of $600-$1,200 depending on complication level. The brand's dedicated service center in Schaffhausen handles complex repairs, with a network of regional centers for standard maintenance.
IWC watches depreciate 25-45% from retail. The Portugieser Chronograph holds value best, while the Pilot Mark XVIII and Aquatimer see more depreciation. As a Richemont brand, IWC's long-term value trajectory is stable but not appreciating. Pre-owned IWC offers genuine manufacture quality at very competitive prices.
Ranked by WVS Value Score — the models that best preserve your investment.
| # | Model | Market | Own/Yr | Score |
|---|---|---|---|---|
| 1 | Portugieser IW371605 | $7,750 | $661/yr | 70 |
| 2 | Portugieser IW358305 | $6,750 | $586/yr | 70 |
| 3 | Pilot IW388101 | $6,900 | $598/yr | 70 |
| 4 | Pilot IW328201 | $4,600 | $425/yr | 70 |
Each collection has a distinct character — from tool watches to haute horlogerie. Click through for full model comparisons.
See how IWC stacks up against other luxury watch brands.