IWC Portuguese
Discussion
I was in my local jeweler recently. One guy with a small shop but he's good to I see him around Xmas,birthdays and anniversaries!
He had a regular customer come in who's father had passed away.
Amongst his things they found 16 watches (he wasn't paticularly wealthy so this was surprising) 14 of them were decent but nothing amazing, Citizen etc.
There were also two IWC Portuguese , one rose gold chrono with the grey face and one automatic with the white face and blue hands. Also a Rolex Submariner.
Now I don't generally like gold, or chrono, or numbers on the dial. But I've fallen in love with the IWC! It's boxed and has papers etc along with a receipt for £12,900 in 2006. He's offering it for £7000.
I keep telling myself that I don't have the money, I wouldn't wear it and I should just save for the panerai I've always wanted.
So the question...
Is it a good price, and how do I tell the wife?
He had a regular customer come in who's father had passed away.
Amongst his things they found 16 watches (he wasn't paticularly wealthy so this was surprising) 14 of them were decent but nothing amazing, Citizen etc.
There were also two IWC Portuguese , one rose gold chrono with the grey face and one automatic with the white face and blue hands. Also a Rolex Submariner.
Now I don't generally like gold, or chrono, or numbers on the dial. But I've fallen in love with the IWC! It's boxed and has papers etc along with a receipt for £12,900 in 2006. He's offering it for £7000.
I keep telling myself that I don't have the money, I wouldn't wear it and I should just save for the panerai I've always wanted.
So the question...
Is it a good price, and how do I tell the wife?
Right, you lot aren't helping either!
It's an IWC371482 that looks like http://www.flickr.com/photos/30792779@N02/28836038...
It's in good but not perfect condition, as in it's been worn and will require a new strap. The case has some fine scratches but no significant marks.
Is it worth the cash though? I'm looking at this as something that probably won't loose much more money in the longer term so I can trade it at a later date if needed.
Is this a realistic outlook?
It's an IWC371482 that looks like http://www.flickr.com/photos/30792779@N02/28836038...
It's in good but not perfect condition, as in it's been worn and will require a new strap. The case has some fine scratches but no significant marks.
Is it worth the cash though? I'm looking at this as something that probably won't loose much more money in the longer term so I can trade it at a later date if needed.
Is this a realistic outlook?
I'd question the receipt figure for 2006 as there is one on C24 for less than £8k in Holland
http://www.chrono24.com/en/iwc/portugieser-rosegol...
doubt that was as expensive as that in 2006.
http://www.chrono24.com/en/iwc/portugieser-rosegol...
doubt that was as expensive as that in 2006.
I've had both a Panerai and a Portuguese. Moved the Panerai on several years ago but couldn't bear to part with the Portuguese (S/S). The IWC is a classic without question, understated and elegant, but it won't soothe a Panerai itch IMO; too different. I think you'll love the Portuguese (if you buy it) but I suspect you'll still want a Panerai - as well.
RobCh said:
I've had both a Panerai and a Portuguese. Moved the Panerai on several years ago but couldn't bear to part with the Portuguese (S/S). The IWC is a classic without question, understated and elegant, but it won't soothe a Panerai itch IMO; too different. I think you'll love the Portuguese (if you buy it) but I suspect you'll still want a Panerai - as well.
totally agreethe more the merrier!
12k sounds wrong.
here's one brand new now for 12.5k
http://www.beards.co.uk/product/23096/iwc-portugue...
dunno if 7K is good but far classier than a Pan
here's one brand new now for 12.5k
http://www.beards.co.uk/product/23096/iwc-portugue...
dunno if 7K is good but far classier than a Pan
Speed addicted said:
Right, you lot aren't helping either!
It's an IWC371482 that looks like http://www.flickr.com/photos/30792779@N02/28836038...
It's in good but not perfect condition, as in it's been worn and will require a new strap. The case has some fine scratches but no significant marks.
Is it worth the cash though? I'm looking at this as something that probably won't loose much more money in the longer term so I can trade it at a later date if needed.
Is this a realistic outlook?
Here's the one you're looking at – https://www.chrono24.com/en/iwc/portoghese-chrono-...It's an IWC371482 that looks like http://www.flickr.com/photos/30792779@N02/28836038...
It's in good but not perfect condition, as in it's been worn and will require a new strap. The case has some fine scratches but no significant marks.
Is it worth the cash though? I'm looking at this as something that probably won't loose much more money in the longer term so I can trade it at a later date if needed.
Is this a realistic outlook?
That's a dealer price (room for haggling) for a 2012 purchased one.
The one you've been offered, is worth considerably less than the asking price, given age/condition/service required soonish, possibly.
I doubt it retailed for £13K, unless the chap who bought got his eyes wiped by the seller.
https://www.chrono24.com/en/iwc/portoghese-chronog... – there's this years unworn price!
If it were me, I'd be offering £5K and not a penny more – and that's being generous.
Looks like he's based the price against the cost of the current watch which is now quite a bit more expensive, rather than it's original cost.
I haven't seen the receipt so I may be mistaken (I did kind of stop listening properly when he showed me the watch).
I'll point out the availability of new watches for not much more, and suggest a lower price.
It is a classier watch than the quite flashy Panerai. I'll have to see how much he's prepared to drop and take it from there.
I haven't seen the receipt so I may be mistaken (I did kind of stop listening properly when he showed me the watch).
I'll point out the availability of new watches for not much more, and suggest a lower price.
It is a classier watch than the quite flashy Panerai. I'll have to see how much he's prepared to drop and take it from there.
Hmm, I've owned Panerai and Portuguese, still have a Panerai and no IWCs at all!
Yeah, for a lucky find watch with a case full of scratches, in need of a service and strap, £5k sounds much better... But you're looking at the price of a nice steel one there! The gold case probably justifies the £7k, but that's rich for a very basic chrono.
If you're looking to flip it without losing money, this isn't the watch for you.
Keep saving for your PAM.
Yeah, for a lucky find watch with a case full of scratches, in need of a service and strap, £5k sounds much better... But you're looking at the price of a nice steel one there! The gold case probably justifies the £7k, but that's rich for a very basic chrono.
If you're looking to flip it without losing money, this isn't the watch for you.
Keep saving for your PAM.
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