IWC Portugieser Perpetual Calendar

About this reference

The IWC Portugieser Perpetual Calendar reference IW5022-18 was produced between approximately 2006 and 2010. This reference is valued by collectors for its 42.3mm 18k white gold case and the caliber 51613 movement, which features Kurt Klaus’s synchronized calendar module and a seven-day power reserve. Unlike later 44mm versions, the IW5022 maintains a more traditional diameter and utilizes a single moon phase display at 12 o’clock rather than the double hemisphere moon. The dial is finished in Ardoise grey with applied Arabic numerals. On the secondary market, this reference typically trades between $18,000 and $24,000 depending on condition and the presence of original documentation. A notable production detail is that this reference belongs to the first generation of Portugieser Perpetual Calendars to transition from the earlier 40mm 3541 reference to the modern Pellaton-winding manufacture movements.