Geneva, May 08, 2022

LOT 224

IWC, REF. 228, PORTUGUESE, OVERSIZE, STEEL

CHF 15,000 - 25,000

EUR 14,900 - 24,800 / USD 16,100 - 26,900 / HKD 128,000 - 212,000

Sold: CHF 17,500

A very fine and early, rare, oversize, manual wind, stainless steel wristwatch


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Grading System
Grade:
Case: 3-8

Good

Slightly scratched

Movement: 3 *
Dial: 2-01

Very good

HANDS Original

Brand IWC

Model Portuguese

Reference 228

Year Sold in September 1944

Movement No. 955038

Case No. 1102826

Bracelet leather with a later stainless steel IWC buckle

Diameter 42 mm.

Caliber 98

Signature Dial, case and movement signed

Accessories copy of the extract from the archives

Notes

Known to many collectors as the reference 325, this model is actually the birth of the line and is considered the original Portuguese. According to IWC, the watch line was created when a Portuguese client requested a wristwatch with the same accuracy and size as a pocket watch and in response the first Portuguese watch was created. Interestingly, most of these early examples were delivered to Eastern Europe, probably due to many restrictions linked to World War II, and this example in particular was sold to Bratislava. While there are 3 generations accepted by collectors of reference 325, this is part of the first generation and according to IWC was only made in 304 pieces and is one of the most important IWC wristwatches ever manufactured.

Provenance

Property of a Swiss collector