IWC IW545408 Portuguese Hand-Wound SS Silver Dial

The IWC Portuguese Hand‑Wound IW545408, introduced circa 2011, is a refined expression of IWC’s storied Portugieser lineage. Housed in a 44 mm stainless steel case just 10 mm thick, its design echoes the oversized pocket‑watch aesthetic that defined the original Portugieser in 1939. Powering the watch is the in‑house Caliber 98295, a manual‑winding movement with a three‑quarter nickel‑silver bridge, Geneva stripe decoration, Breguet spring, and a 46‑hour power reserve. The silver‑plated dial features a recessed small‑seconds subdial at 6 o’clock with a distinctive red “60,” framed by a railway‑track chapter ring, feuille hands, and applied rose‑gold Arabic numerals. A sapphire exhibition caseback offers a view of the movement’s refined finishing. Water‑resistant to 30 meters, this model was not produced as a limited edition, yet its classical proportions, historical resonance, and in‑house movement make it a standout for collectors seeking understated elegance and horological integrity. Like New with European Watch Company leather pouch.