Reference

IWC Pilot SFTI'

Reference IW3891-04 · Ceramic

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AED 38kLow
AED 38kHigh
AED 38kMedian

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About this reference

The IWC Pilot’s Watch Chronograph Edition “SFTI” (Reference IW389104) was released in 2020 as a limited production of 1,500 units and is currently discontinued. This reference is valued for its technical construction, featuring a 44.5mm matte black zirconium oxide ceramic case and Ceratanium pushers and case back, a material combining the lightness of titanium with the scratch resistance of ceramic. It utilizes the in-house caliber 69380, a column-wheel chronograph movement with a 46-hour power reserve. The dial is distinguished by a tactical matte black finish with a red small seconds hand shaped like a jet. This civilian version is derived from the "Strike Fighter Tactics Instructor" watch exclusively available to TOPGUN graduates. On the secondary market, prices typically range between $8,000 and $11,000. It remains a key piece for collectors due to its direct lineage to military-exclusive equipment and the specific use of proprietary materials.

Auction track record

2 documented sales since 2024. Top hammer $126,000 at Christie's New York in 2024. Median hammer: $42,000.

Ranks #5 of 46 IWC auction lots we track — see all IWC records.

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All documented hammer prices

For this reference (and close variants).

LotYearHammerVenue
IW389111 · Pilot's Watch Chronograph Edition 'Polaris Dawn' 2024 $126,000 Christie's New York
IW3891-04 · Pilot's Watch Chronograph Top Gun Edition 'SFTI' 2024 $42,000 Sotheby's New York

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