Name: IWC Pilot's Watch Chronograph Top Gun "Top Gun"
Brand: IWC
SKU: IW389103

Image via eBay ↗

Grey market range$8,300

$7,800$8,800

MSRP $9,900 — grey market -16%

eBay asking prices

eBay asking range$7,077

$5,369$9,497

49 active listings · as of 2026-07-31

What's your watch worth?

Adjust condition and completeness to estimate this specific watch's value.

Original BoxWatch includes original packagingCard / PapersOriginal certificate of authenticityHang TagOriginal retail hang tag still attachedRecently servicedServiced within the last 2 years

Estimated value$9,240Estimated range $8,686–$9,794

Excellent — full-set baseline
Discontinued+5%

Estimate based on your inputs — not a formal appraisal.

Market References

Retail (MSRP)

$9,900

Grey market avg

$8,300Avg Price

eBay asking

49 active listings

$7,077Avg Price

Case44.5 · Black Ceramic

DialBlack · Matte

BezelCeramic · Fixed Smooth

BraceletBlack · Rubber Strap

Production2019

Condition basisUsed

Rarity4

LiquidityMedium

Variant guide

Ceramic case developed for the U.S. Navy Top Gun training program partnership.

Buyer's guide

A durable, all-black ceramic chronograph aimed at buyers wanting a tactical, military-adjacent aesthetic.

Seller's guide

Ceramic cases are lightweight and scratch-resistant, both genuine selling points over steel alternatives.

AI market analysis

For buyers

Given the eBay median asking price of $7,077, buyers can confidently target offers significantly below the general grey market range of $7,800-$8,800. Aim for the low $7,000s, leveraging the watch's medium liquidity and numerous active listings (49) to negotiate for a complete set in excellent condition.

For sellers

To move this IW389103 effectively, sellers must acknowledge the competitive market, evidenced by 49 active listings driving the eBay median asking price to $7,077. For a prompt sale of a full set in excellent condition, list aggressively at $7,500, which sits above the eBay median but still below the general grey market average, appealing to buyers seeking value without sacrificing too much profit.

AI-generated from current market data. Not financial advice.

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