Dress · 2 Models · Switzerland

IWC Portugieser Price Guide

$6,000 – $8,500 · Avg Score: 70/100 · From $586/yr
41mm
Automatic
30m WR

About the IWC Portugieser

Elegant large-format dress watch

Dress watches prioritize elegance and slim profiles over technical specifications. Designed to slip under a shirt cuff, they typically feature minimal dials, thin cases, and leather straps. For the collector, a dress watch represents the art of restraint — where value lies in finishing quality rather than feature count.

What to Look For

Key metrics for dress watches are case thickness (ideally under 10mm), movement finishing visible through a display caseback, dial quality, and strap/buckle craftsmanship. Water resistance is typically lower (30-50m) since these watches aren't designed for sport use.

Wearing Context

Dress watches are ideal for business formal, black tie, and occasions where subtlety is valued. They may feel under-dressed with casual wear. Many collectors own a dress watch alongside a sport watch to cover all social contexts.

Buying a IWC Portugieser

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.

Which Portugieser Should You Buy?

With 2 models in the collection, choosing the right Portugieser depends on your priorities. For the best long-term value, the IW371605 (Chrono Steel/Blue) leads with a Value Score of 70/100, reflecting superior value retention and market demand.

For the lowest cost of ownership, the IW358305 (Auto 40 Steel/Blue) costs just $586/year to own — factoring in depreciation, servicing, and insurance. This makes it the most efficient choice for daily wearing pleasure.

The table below ranks every current model. Click any reference number for full analysis including price history, Value Score breakdown, and our personalized "Should I Buy?" calculator.

2
Models
70
Avg Value Score
70
Best Score
$586
Lowest Own/Yr

All Portugieser Models Compared

RefVariantMarket PriceRetailOwn/YrScore
IW371605Chrono Steel/Blue$7,000–$8,500$9,200$661/yr70
IW358305Auto 40 Steel/Blue$6,000–$7,500$8,000$586/yr70

Frequently Asked Questions

How much does the IWC Portugieser cost?
The IWC Portugieser ranges from $6,000 to $8,500 on the secondary market depending on the reference, condition, and completeness. There are 2 current models in the collection, with the entry point being the IW358305 (Auto 40 Steel/Blue).
Which Portugieser model has the best value?
The IW371605 (Chrono Steel/Blue) achieves the highest Value Score of 70/100 in the collection. This accounts for value retention, brand strength, specifications, liquidity, and price-to-spec ratio.
What does it cost per year to own a Portugieser?
Annual ownership costs range from $586/year (IW358305) to $661/year, averaging $624/year across all models. This includes depreciation, amortized servicing, and insurance.
Is the Portugieser suitable for swimming?
With 30m water resistance, the IWC Portugieser is rated for splash resistance only. It is not recommended for swimming or submersion.

Explore IWC

See all IWC collections and Value Scores.