IWC Portugieser Portugieser Tourbillon Mystère Rétrograde Red Gold / Ardoise

Reference IW5046-02

About this watch

The IWC Portugieser Tourbillon Mystère Rétrograde, reference number IW5046-02, is a masterpiece of horology that combines stunning aesthetics with remarkable engineering. This exquisite timepiece features a round case made from luxurious red gold, showcasing a blend of tradition and modernity. The Ardoise (slate grey) dial provides a perfect backdrop for the Arabic numerals and feuille hands, creating a harmonious contrast that catches the eye. Powered by the IWC caliber 51900, this automatic movement boasts an impressive power reserve of 168 hours and operates at a frequency of 19,800 vibrations per hour. The tourbillon escapement and retrograde date feature add layers of complexity and charm, making it a talking point among watch aficionados. With its scratch-resistant sapphire glass and water resistance of 30 meters, this luxury piece is well-suited for everyday wear. Its versatility and exclusivity make it a worthwhile investment for those who appreciate exquisite craftsmanship, history, and artistry.
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Key Features

  • IWC caliber 51900 automatic movement
  • Red gold round case with 44.20mm diameter and 15.30mm height
  • Sapphire glass with scratch resistance
  • Tourbillon escapement for improved accuracy
  • Retrograde date feature with semi-circular arc display
  • Water resistance of 30 meters
  • Luxurious red gold construction

Specifications

Brand
IWC
Family
Portugieser
Model
Portugieser Tourbillon Mystère Rétrograde Red Gold / Ardoise
Reference
IW5046-02
Movement
51900
Movement Features
  • Hours, Minutes, Small Seconds
  • Date
  • Power Reserve Indicator, Tourbillon Escapement
Case
Red Gold 44.2mm
Dial Color
Grey
Crystal
Sapphire
Water Resistance
30

Current Listings

[WTS] IWC Portugieser Regulateur. IW544401. Box, Papers...

IWC Portugieser Regulateur. IW544401. Box, Papers...

IWC - IW544401 · $6,600
IWC Portugieser Regulateur for sale, complete with box and papers.

  • Box: true
  • Papers: true
Posted at
Apr 25, 2026, 11:42 AM
Active
[WTS][US] IWC Portugieser Automatic 40 - Silver Dial - 40mm - IW358312 - BRAND NEW

[US] IWC Portugieser Automatic 40 - Silver Dial - 40mm - IW358312 - BRAND NEW

IWC - IW358312 · $7,000
This IWC Portugieser Automatic 40 is a brand new timepiece with a silver dial and 40mm case. It features an automatic movement and comes with various accessories such as a box, manual, warranty booklet, microfiber cloth, link tools, and digital transferable warranty.

  • Condition: Brand new, unworn
  • Case size: 40mm diameter
Posted at
Apr 25, 2026, 9:21 AM
Active
[WTS] IWC Portugieser Chronograph IW371624 Dune Dial Full Set

IWC Portugieser Chronograph IW371624 Dune Dial Full Set

IWC - IW371624 · $7,497
A pre-owned Portugieser Chronograph with a dune dial, featuring an automatic movement and a stainless steel case.

  • Condition: Very good
  • Case size: 41mm
  • Case material: Stainless steel
  • Movement type: Automatic
Posted at
Apr 20, 2026, 9:05 AM
Active
[WTS] IWC Portugieser Tourbillon Mystere, White Gold IW504207 ♦️Lightly Used Undated♦️

IWC Portugieser Tourbillon Mystere, White Gold IW504207 ♦️Lightly Used Undated♦️

IWC - IW504207 · $30,457
This listing is for an IWC Portugieser Tourbillon Mystere in White Gold, featuring a tourbillon mechanism. The watch has been lightly used and comes with the full set of box and papers.

  • Condition: Lightly Used
  • Material: White Gold
  • Comes With: Full set (box & papers)
Posted at
Apr 20, 2026, 5:38 AM
Active
[WTS] IWC Schaffhausen Portugieser. Blue Hands/Indices. 40mm. IW358312. Card Included..

IWC Schaffhausen Portugieser. Blue Hands/Indices. 40mm. IW358312. Card Included..

This IWC Portugieser is a gorgeous watch with an inhouse movement, available for sale. It features blue hands and indices on a 40mm case.

  • Case size: 40mm diameter
  • Movement type: inhouse
Posted at
Apr 19, 2026, 11:42 AM
Active
[WTS] IWC Portugieser Jubilee Ref. 5441 – 18k Rose Gold – Limited Edition 006/500 – REDUCED PRICE

IWC Portugieser Jubilee Ref. 5441 – 18k Rose Gold – Limited Edition 006/500 – REDUCED PRICE

IWC - 5441 · $13,249
A limited edition IWC Portugieser Jubilee Ref. 5441 in 18k rose gold produced to celebrate IWC's 125th anniversary, featuring a manual-winding movement and classic Portugieser design language.

  • Condition: Overall very good vintage condition, minor scuffing around the ~10 o'clock area on the crystal.
  • Case Size: ~42 mm
  • Dial Color: Silver
  • Movement Type: Manual winding
Posted at
Apr 18, 2026, 2:43 PM
Active
[WTS][US] IWC Portugieser Automatic 40 - Silver Dial - 40mm - IW358312 - BRAND NEW

[US] IWC Portugieser Automatic 40 - Silver Dial - 40mm - IW358312 - BRAND NEW

IWC - IW358312 · $7,025
This IWC Portugieser Automatic 40 is a brand new timepiece with a silver dial and 40mm case size. It features an automatic movement and comes with all original accessories.

  • Condition: Brand new, unworn
  • Case size: 40mm
  • Movement type: Automatic
Posted at
Apr 18, 2026, 8:18 AM
Active
[WTS] IWC Portugieser Chronograph IW371624 Dune Dial Full Set

IWC Portugieser Chronograph IW371624 Dune Dial Full Set

IWC - IW371624 · $7,497
This pre-owned IWC Portugieser Chronograph is a stainless steel timepiece with a dune dial on a black alligator strap, featuring an automatic movement.

  • Condition: Very good condition
  • Case diameter: 41mm
  • Movement type: Automatic
Posted at
Apr 13, 2026, 9:11 AM
Active
IWC Portugieser Chronograph - 41mm - Gold Numerals - IW371604 ( new / 2024 )

IWC Portugieser Chronograph - 41mm - Gold Numerals - IW371604 ( new / 2024 )

IWC - IW371604 · $6,995
This IWC Portugieser Chronograph features a stainless steel case and gold numerals. It comes with all the original boxes, papers, booklets, and IWC Warranty Card.

  • Condition: unworn
  • Case size: 41mm diameter
  • Movement: In-House Calibre 69355
Posted at
Apr 2, 2025, 3:10 PM
Active