Antiquorum Auctioneers since 1974

Important Modern & Vintage Timepieces

New York, Oct 18, 2026

LOT 117

IWC, SWITZERLAND, REF. IW504207, PORTUGUESE TOURBILLON MYSTERE, BLACK DIAL, 18K WHITE GOLD

USD 15,000 - 25,000

EUR 13,200 - 22,000 / HKD 118,000 - 198,000 / CHF 12,500 - 20,800 / JPY 2,370,000 - 3,950,000

A fine, rare and limited, 18k white gold, manual wind tourbillon wristwatch with power reserve


Grading System
Grade: AAA

Excellent

Case: 2

Very good

Movement: 2*

Very good

Overhaul recommended, at buyer's expense

Dial: 1-01

As new

HANDS Original

Brand IWC, switzerland

Model Portuguese Tourbillon Mystere

Reference IW504207

Year circa 2010

Bracelet leather with an 18k white gold IWC deployant buckle

Caliber 50900, 44 jewels

Diameter 44

Signature dial, case and movement

Accessories fitted box, warranty

Notes

The Portuguese Tourbillon Mystère is among the most visually dramatic interpretations of IWC’s classical Portuguese design, combining the collection’s traditionally restrained proportions with a tourbillon conceived to appear almost suspended within the dial.
Dominating the composition at 12 o’clock, the flying tourbillon is displayed within a large circular aperture, its architecture deliberately exposed while its means of support remain visually discreet. The result gives the regulating organ an almost weightless appearance and explains the “Mystère” name. Against the deep black dial, the polished tourbillon cage becomes the immediate focal point of the watch.

The remainder of the display is deliberately asymmetric. Small seconds are positioned at 9 o’clock, while the seven-day power-reserve indicator occupies the lower half of the dial. Large Arabic numerals, feuille-style hands and the expansive 44 mm case preserve the unmistakable visual language of the Portuguese family, while the contrast between black dial and white gold gives this example a particularly strong presence.
Powering the watch is IWC’s manually wound calibre 50900, a substantial 44-jewel movement conceived around an extended power reserve. Its architecture allows the mechanical spectacle of the tourbillon to coexist with the practicality of a long-running movement, making the reference as technically ambitious as it is visually distinctive.

The 18K white gold case provides a discreet precious-metal setting for one of IWC’s more theatrical complications. Elegant from a distance and considerably more complex on closer inspection, the IW504207 captures an unusual meeting of classical Schaffhausen watchmaking and contemporary mechanical display.

Accompanied by its original fitted box and warranty.