Hello Bernard,
Thank you for sending in this chronograph wristwatch to mearto.com for a fair market appraisal.
TITLE:
Gent’s stainless steel, self-winding, water resistant (30m), chronograph wrist watch with day/date and brown alligator strap with IWV buckle, Silver-plated dial Portofino steel chronograph model Ref. IW391007, made by International Watch Company, Schaffhausen, Switzerland, circa 1015. Accompanied by a full array of booklets and tags indicating purchase date in 2015
DESCRIPTION:
Case: 42mm, three leaf, polished round stainless steel watch case with rounded polished steel bezel, straight lugs with terminal curve to join the brown alligator strap made by IWC with steel buckle. There is a screwed down, fluted steel crown and two round headed steel push-pull chronograph pushers. Screwed down stainless-steel back cover, secured with six screws and engraved, “International Watch Company, Portofino, (case no) 5062091”. The dial is covered by a sapphire scratch resistant Crystal
Dial: Silver-plated dial with rhodium-plated steel baton hour indices wit Roman hours @6 and @12, open bar minute markers on the periphery of the dial, with Arabic markings at five minutes/seconds intervals with seconds divided into quarter seconds/minutes. There are three subsidiary dials: Continuous 60 seconds @9, 30 Minute register @12 (30 in red) and 12 Hour register @6 (12 in red). There is a rectangular bisected aperture @3 for the day of the week and the date for the month, The dial is signed, “IWC, Schaffhausen, Swiss made”.
Movement: Not shown but should be the IWC calibre 75320, based on the Sellita SW500-1, 30mm in diameter, self -winding, 25 jewels, vibrating at 28800 beats/hour with the following functions: Hours, Minutes, Small Seconds | Date, Day | Chronograph. Power reserve of 44 hours.
Condition: Never used and still in plastic wrapping accompanied by full box and documentation. These watches were produced from 2012 to 2019. Case and dial excellent with movement assumed genuine, original and functional.
COMPARABLES:
In 2019 the last year of production the retail valuation was 5800 Euros = 4866 GB Pounds or $7600. The reference to Retail auctions is a group of auction houses that keep changing their names, changing their precise locations, mostly located in NYC, Texas, Nevada, and southern California. I believe that since they pass so many of their watches at auction and the estimates are so very high, they are partly supported by the Swiss watch industry. For instance, see your watch in a Beverly Hills auction house where it went unsold: https://www.liveauctioneers.com/item/124372267_iwc-portofino-day-date-chronograph (passed in 2022 with an estimate $10,500
-$13,125)
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~https://www.liveauctioneers.com/item/124570604_iwc-ref-iw391007-portofino-chronograph-day-date (In fair condition it sold at auction for $4050, likely the same watch offered just below on chrono24)
~https://www.chrono24.com/iwc/iwc-iwc-ref-iw391007-portofino-chronograph-day-date--id21651192.htm (Semi-retail price from Chrono-24 dealers for a watch in fair condition is offered at $4250.)
~https://catalog.antiquorum.swiss/en/lots/iwc-ref-iw391001-portofino-lot-335-49?browse_all=1&page=1&q=IWC+portofino+chronograph (Similar watch the model 391001 with slightly different movement sold at auction for
4420 Euros in 2021 = $4856)
~https://www.barnebys.com/realized-prices/lot/klockor-iwc-Vl8lbzphoo (Ref. 391008 with black dial sold for $3267 in 2021)
~https://www.liveauctioneers.com/item/109015022_authentic-iwc-portofino-chronograph-iw391007-automatic (Sold in 2021 for $5500 at a retail type auction)
~https://www.liveauctioneers.com/item/124821483_iwc-portofino-chronograph-automatic-silver-dial-men-s-watch-iw391007 (Sold at a retail auction, Bidhaus in NYC, with estimate of $8000-$10000, sold in 2022 for $6500.)
~https://www.liveauctioneers.com/item/122968451_iwc-portofino-chronograph-iw391007-self-winding (Sold for $4800 in very good condition in 2022)
~https://www.liveauctioneers.com/item/122118215_iwc-portofino-chronograph-iw391007-self-winding (Sold for $4800 in 2022)
~https://www.liveauctioneers.com/item/121522483_iwc-ref-iw391007-portofino-chronograph-day-date (Again this one is listed in fair condition, sold for $3800 at a retail type auction house in NYC in 2022)
PPRICING:
Your watch has been kept in a state of fine preservation and that has to be acknowledged in its fair market price, since it is like new, despite being seven years old. I think if offered on the open market today the fair market value would fall into the $5000-$5500 range with a retail price of about $8000.Thank you for choosing mearto.com for your appraisal.
My best,
David