
Grand Seiko
SBGW231
Ref. SBGW231
$5k–$5k
Pre-owned: $4k–$5k
Complete head-to-head comparison
Comparing the Grand Seiko SBGW231 ($5k–$5k, 50m WR, 37mm) against the IWC Portugieser Automatic ($7k–$8k, 30m WR, 40mm). The Grand Seiko SBGW231 is the more affordable option by $3k.

Grand Seiko
Ref. SBGW231
$5k–$5k
Pre-owned: $4k–$5k

IWC
Ref. IW358303
$7k–$8k
Pre-owned: $6k–$7k
Price
Water Resistance
Score
Repurchase
Pros
Cons
Pros
Cons
Community Verdict
Too Close to Call
Grand Seiko SBGW231 is the value winner at $5k–$5k — over 50% cheaper than the IWC Portugieser Automatic ($7k–$8k). Grand Seiko SBGW231 offers manual craftsmanship; IWC Portugieser Automatic runs quartz for higher accuracy and lower maintenance. Case size: IWC Portugieser Automatic at 40mm suits larger wrists; Grand Seiko SBGW231 at 37mm is the more compact option.
Both are excellent watches with different strengths. The Grand Seiko SBGW231 offers a more compact size and costs less new. The IWC Portugieser Automatic excels in overall construction. The best choice depends on your wrist size, budget, and preferred aesthetic.
The Grand Seiko SBGW231 retails for $5k–$5k, while the IWC Portugieser Automatic is priced at $7k–$8k. Pre-owned, expect $4k–$5k and $6k–$7k respectively. Actual secondary market prices vary based on condition and demand.
The Grand Seiko SBGW231 has a 37mm case diameter with 10.8mm thickness, while the IWC Portugieser Automatic measures 40mm × 10.8mm. Both have lug-to-lug measurements of 44mm and 47mm respectively. Consider your wrist size and wear style when deciding.
The Grand Seiko SBGW231 is water-resistant to 50m, while the IWC Portugieser Automatic offers 30m. Both are suitable for swimming and snorkeling at their respective depths. For professional diving, verify the rating exceeds 300m and includes a screw-down crown.
The Grand Seiko SBGW231 uses a manual 9S64 with 72 hours power reserve. The IWC Portugieser Automatic features a automatic Cal. 82100 with 60 hours power reserve. Both offer traditional mechanical craftsmanship.
Grand Seiko and IWC both command strong secondary markets. Pre-owned pricing shows an estimated resale value of $4k–$5k for the SBGW231 and $6k–$7k for the Portugieser Automatic. Condition, service history, and box/papers significantly impact resale value for both models.
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