March 17, 2015
By Lauren Bradshaw
WHY THIS IWC WATCH IS WORTH $28KSHOP IWC WATCHES
From alligator Birkins to fine art, we sell an abundance of high-value luxury pieces at The RealReal. These items are the pinnacle of craftsmanship and quality materials, so naturally they carry a higher price tag. But what makes a watch worth $28,000 instead of, say, $2,000? We consulted Senior Director of Fine Jewelry & Watches, Michael Groffenberger, to evaluate one of our most high-end items: an IWC Big Pilot Watch originally priced at nearly $40,000. “The value of this IWC watch is in its movement and in its rarity,” says Groffenberger. “By owning one, you’re owning a piece of IWC history.” Here, he breaks down why it’s worth the investment.
1. It’s limited edition.
“They’re never going to make more than 500 of these watches,” notes Groffenberger. “Think of the number of collectors in the world, and there are only 500 to be had.” Of this number, Groffenberger estimates that the U.S. receives 6-10%. If you do the math, you start to understand why this watch is so covetable — with 50 U.S. states, it’s unlikely that each state received even one.
“We’ll always check the number on the side of the watch to verify the authenticity for a limited edition IWC watch like this,” says Groffenberger. “It should match the number on the watch’s paperwork and box.”