. / \
Say it aint so! How will I ever survive the disaFooval?
Well, I guess it's a good thing I don't own it anymore - I'd just have to chuck it in the trash.
A 40% difference between retail and used is hardly shocking within the context of the secondary market. Heck, a great many models are available brand new with a 30% discount. I suspect that kind of drop is not at all unusual even within the context of the IWC lineup itself - the Aquatimer and Portuguese Chrono spring to mind. I doubt that it signifies that such watches are uniquely unloved.
So this "truth" would hold that the Portuguese chrono, Aquatimer and any other IWC (or watch from any other brand) which sells for 40% of its retail price on the used market is uniquely unloved? Sorry, I find it remarkably easy to doubt the Foo. He seems to be confusing particular watches which hold their value exceptionally well with a brand-wide or industry-wide norm. As good an example of internet chatter as I can think of.
Check out this 'real' Portuguese hand wind with in-house movement being offered at 35% off retail - guess that one is only sort of unloved?
Anyone who goes to www.watchrecon.com and does a 30 day search on IWCs offered on the secondary market will very quickly conclude that used IWC watches selling for more than their original retail prices very much represent the exception to the rule.
One thing is certain, it is uniqely unloved by Foo. But that's no great loss as compared to the bonus of chicks digging it.
Oh, and your point about a discontinued small dress watch being less in demand than larger current production pieces in a market that is presently dominated by large watches is enturely valid.