Portuguese Chrono - inhouse movement?

[pfastre]

Hello all,

I'm looking to buy a 'decent' watch which I will keep for a long time. When visiting several juwelers, the brand IWC always attracts my attention. I particularly like the Portuguese range.

When talking to an AD, he/she always tells me IWC watches have a quality advantage compared to other (cheaper) watches. They would recommend the Portuguese Chrono, which sells for approx. € 6600. In this forum however I read about the Chrono having a not in-house built movement.

What is it (apart from looks/style/image/reputation) in the IWC Portuguese Chrono that makes it worth more than 6K, when, for instance, a Longines with the same movement? Does it make sense spending 6K for a watch with the same movement of a much cheaper one?

If I follow this, wouldn't it be better the buy a Portuguese Hand-Wound (7K), which apparently does have an IWC movement?

Thanks for you replies to this newbie question,

Peter

[hdms]

True. It's not in house. But it is modified to IWC's specs and I think it is heavily modified because the second and the chrono counter positions have been moved. I have the 3714 and it seems to be keeping accurate time for me. It looks amazing and is truly a classic. If you like how it looks, just get it, the movement is reliable as well.