IWC Portugieser: value and pre-owned prices (Chronograph 3714, 3716, 7 Days)

The Portugieser is IWC's dress line, and one of the luxury watches whose pre-owned price is most affordable relative to the new price. Large diameter, clean dial, slender Arabic numerals and a railway track: the design has changed little since the late 1930s. Its value follows a simple and somewhat brutal rule. The Portugieser depreciates sharply when it leaves the boutique, then stabilises. For a seller that is bad news; for a buyer, it is one of the best ways into a manufacture watch.

A pocket watch on the wrist

The Portugieser was born in the late 1930s, at the request of two Portuguese merchants who wanted a wristwatch as precise as a marine chronometer. IWC fitted it with a pocket-watch movement, hence a diameter unusual for the time. That heritage explains today's format: 40 to 42 mm, short lugs, a watch that is wide but looks flat.

The modern collection splits into three families that share neither new price nor pre-owned market: the chronograph, the Portugieser Automatic with seven days of power reserve, and the grand complications, including the perpetual calendars.

The references that matter

• IW3714, Portugieser Chronograph (1998 to 2020): 40.9 mm, calibre 79350 derived from the Valjoux 7750, solid caseback. Produced for more than twenty years, it is the most common Portugieser. The best-known version, with silver dial and blue hands, is the IW371446.
• IW3716, Portugieser Chronograph (since 2020): first seen in 2018 as an anniversary edition, it replaced the 3714 in the catalogue in 2020. 41 mm case, in-house manufacture calibre 69355 with column wheel, 46 hours of reserve and a display caseback. See the IW371605.
• IW5001, Portugieser Automatic (2000s to 2015): 42.3 mm, in-house calibre with Pellaton winding and seven days of reserve, power-reserve indicator at 3 o'clock. The large Portugieser of the 2000s.
• IW5007 (2015 to 2024): the next generation, twin-barrel calibre 52010, same format. See the IW500710.
• IW5017, Portugieser Automatic 42 (since 2024): redesigned, slimmer case, calibre 52011.
• IW3583, Portugieser Automatic 40: the smaller format, with small seconds and date, launched in the early 2020s.

Note the full six-digit reference number: the last two digits designate dial and strap. Between an IW371446 and an IW371447 only the dial colour changes, but that is enough to move the value.

2026 price guide by reference

Our October 2026 data covers about forty Portugieser watches, mostly private-party listings published in the United States and converted into euros, supplemented by certified dealer prices. The retail price shown is the one in our catalogue and should be confirmed with a boutique.

Across the whole model, the median private listing sits around €4,650. The sample is reasonable for the 3714 and the IW5001, thin for everything else; none of the listings in our data concern an IW5007 or IW5017, which we prefer to leave without a figure. For a dated estimate, the Portugieser page and the valuation tool refine by year, condition and accessories.

What the price guide tells us

1. [Depreciation](/glossaire/decote) is steep on recent watches. An IW3716 resells privately at around €4,200 to €4,900, roughly half the retail price shown in our catalogue. The phenomenon is not unique to IWC, but it is pronounced here: we explain it in new or pre-owned: first-year depreciation.
2. The 3714 is the bargain of the model. At €2,900 to €4,250 for a complete Portugieser chronograph, the gap with the 3716 rarely exceeds €1,000. Its Valjoux 7750-derived calibre is very widespread and easy to service at an independent watchmaker; in exchange, the 3716 brings an in-house calibre and a display back.
3. The 7 Days trades almost at chronograph prices. More expensive new, the IW5001 changes hands privately at €4,350 to €5,350, while dealers list it around €7,150. That gap of about €2,000 between channels pays for warranty and servicing; we detail it in why trade-in prices sit below market value.
4. The grand complications are a market of their own. The perpetual calendars in our dealer data range from €15,000 to €21,400, far below their new price. The audience is small, and each example is valued case by case.

Compared with the wider market, the Portugieser belongs to the widely distributed premium brands, whose value retention is average: our article Rolex, Patek or Audemars: which holds its value best? explains, by contrast, what keeps value high at the great houses.

Condition, dial and maintenance

• Polished surfaces: the Portugieser's case is largely polished and marks quickly, especially on the lugs. Repeated polishing softens the profile; our article to polish or not to polish your watch explains what a buyer will accept.
• The dial: blue versions and dials with gold hands are more sought after; a marked dial or oxidised hands are heavily negotiated.
• The chronograph: start, stop, reset, and alignment of the sub-dial hands.
• The power reserve of the 7 Days: fully wound, the watch must run for several days, and the indicator must fall steadily.
• [Servicing](/glossaire/revision): at IWC, our benchmarks put a full service at €600 to €1,000 for a watch with simple functions, and €900 to €1,600 for a chronograph or complication. The details are in luxury watch servicing: cost and frequency.
• The papers: the serial number must match the warranty card. On a watch under €5,000, a full set often makes the difference between two listings; our figures are in box and papers: impact on price.

Portugieser, Pilot or Portofino?

At IWC, the Pilot's Watch Mark is sportier and cheaper pre-owned, the Big Pilot more imposing, the Portofino more classic and more discreet. The Portugieser sits in between: dressy enough for a suit, large enough to wear every day. If your budget is between €3,000 and €5,000, our guide to the first luxury watch places it among its rivals. Special editions, such as the Portugieser Automatic "Laureus" (one listing recorded at around €5,350), generally follow the value of the standard series; the brand's partnership editions, notably with Mercedes-AMG Petronas, are covered in partnership watches: do they hold value?.

Selling a Portugieser in 2026

• State the six-digit reference and the generation: a 3716 listed as a "Portugieser chrono" gets confused with a 3714 and loses its price difference.
• Gather the box, card and invoices, including the one for the last service.
• Compare the channels: a direct sale yields the most, a trade-in the least. Our comparison of sales channels sets out timelines and commissions.

In France, most pre-owned Portugieser watches sell below the €5,000 threshold, in which case a private seller is exempt. Above it, for a gold version, a recent 7 Days or a perpetual calendar, the 6.5% flat-rate tax applies, or by option the capital gains regime. The steps are summarised on the sell your watch page. If you live elsewhere, check the rules that apply in your country.

In summary

The Portugieser loses a lot when it leaves the boutique, then moves little: a 3714 can be found at €2,900 to €4,250, a 3716 at around €4,200 to €4,900, and an IW5001 7 Days at €4,350 to €5,350 between private parties. It makes a poor investment and an excellent pre-owned watch. Before buying or selling, calculate the value of your Portugieser from its reference, year and condition.