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What should I do with my IWC Portugieser?


jeyrey
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Hi, I’m new to the forum. My grandad left me an IWC Portugieser (automatic) and I’m thinking of selling it but I’m unsure of how to go about it

Should I get it authenticated by IWC for 300 CHF or just try to sell it? 

And if so, what places would people recommend in London to get it appraised or sold? I’m not too comfortable with trying to sell it online

Thanks in advance. Any advice would be appreciated 

 -Jerry

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Is it just the watch or do you have the box and all the papers? Selling to a shop you will take a hit because they need to make something, there will be many places such as watches.co.uk known I think as the Swiss watch company. 
 

looking online will give you an idea of value and I expect you will take a 30% hit selling to a shop, that is a guess

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Why not put it into a specialist watch auction?  Sothebys and Bonhams have London sales, and Fellows have a London office too.  Every dealer will try and buy it as cheap as possible (I am a dealer - we have to make money) but at auction dealers and private buyers compete.  I have seen, in almost every auction, watches sell for more than retail money as people get into bidding wars.

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4 minutes ago, Nick Parr 1977 said:

Is it just the watch or do you have the box and all the papers? Selling to a shop you will take a hit because they need to make something, there will be many places such as watches.co.uk known I think as the Swiss watch company. 
 

looking online will give you an idea of value and I expect you will take a 30% hit selling to a shop, that is a guess

Just the watch. Everything else has been thrown.

Thanks for the advice. I might compare between different websites to see what they’re all estimating for the watch.

Do you have any experience selling to watches.co.uk or other websites like watchfinder, chrononext or chrono24? 

I don’t want to take a loss just because I have no experience with expensive timepieces like it. 

Thanks again

2 minutes ago, scottswatches said:

Why not put it into a specialist watch auction?  Sothebys and Bonhams have London sales, and Fellows have a London office too.  Every dealer will try and buy it as cheap as possible (I am a dealer - we have to make money) but at auction dealers and private buyers compete.  I have seen, in almost every auction, watches sell for more than retail money as people get into bidding wars.

I’ll have a look into them, thanks.

I don’t think it’s a vintage watch, and from reading around I’d assumed only vintage watches get sold at auctions. But then again, I have no experience with watches so I can’t be too certain it’s not. 

Would I be able to get it appraised at these places so I have a better idea of what it’s worth/what it is?

And also, would it’s value go up if I get it authenticated by IWC? 

Thanks again

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No need to get it authenticated if it is going to auction - they will know what it is and if it is genuine.  Provincial auctions do sadly sell fakes, but not the big boys.  Modern watches sell at auction all the time, and any of these auction houses would gladly appraise the watch.  Fellows are a little more down to earth and up to date than the other two - I kid you not that one of them still send fax headers on their paperwork!

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11 minutes ago, scottswatches said:

No need to get it authenticated if it is going to auction - they will know what it is and if it is genuine.  Provincial auctions do sadly sell fakes, but not the big boys.  Modern watches sell at auction all the time, and any of these auction houses would gladly appraise the watch.  Fellows are a little more down to earth and up to date than the other two - I kid you not that one of them still send fax headers on their paperwork!

Thanks for the help! I wouldn’t have considered auction houses otherwise

5 minutes ago, WRENCH said:

+1 for auctions, and don't be put off by the fees. In my experience I've always attained a better price, even after fees, and it's relatively hassle free.

Thanks! I’ll definitely look into them 

I’d definitely prefer hassle free, as I have no experience with premium watch resales

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7 hours ago, Francis Urquhart said:

Are you sure you really want to sell the watch that your grandfather bequeathed to you?  If you hated him or need the cash for food then crack on, but I would otherwise wear it and remember him, if only once or twice a year. It will be irreplaceable once it has gone. 

 

I must admit, while I do not know the circumstances, I agree. Even if you don't wear it, potential future generations of the family would have something from down the family line.

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