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IWC x Hot Wheels Racing Works: Inside the 50-Piece Pilot’s Watch Chronograph Set

Unveiled at Goodwood in 2021, the 50-piece IWC x Hot Wheels Racing Works set paired a 43 mm titanium Pilot’s Watch Chronograph with a Mercedes-Benz 300 SL miniature.
Estimate2–3 min Catalogued SpecialistWatchRanker Team
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The IWC x Hot Wheels Racing Works is a 2021 collaboration built around IWC’s Pilot’s Watch Chronograph, reference IW377904. Its 43 mm titanium watch came as part of a 50-piece collector set with a Hot Wheels Mercedes-Benz 300 SL miniature and a metal toolbox. IWC and Hot Wheels unveiled it at the 78th Goodwood Members’ Meeting.

What is the IWC x Hot Wheels Racing Works watch?

It is a limited-edition Pilot’s Watch Chronograph made by IWC Schaffhausen in collaboration with Hot Wheels. The reference is IW377904. The companies introduced the set in 2021 at the 78th Goodwood Members’ Meeting, a setting that connected the aviation-inspired Pilot’s Watch line with a motorsport-themed collectible.

The watch has a 43 mm grade 5 titanium case with a dark matte finish. A Hot Wheels flame logo is engraved on the side, while racing-checker details animate the black dial. The smoked sapphire caseback and silver-and-black textile strap complete the distinctive treatment. Mattel’s product description highlights those design details.

Movement and specifications

Launch coverage identifies the automatic movement as IWC calibre 69385, with chronograph functions and a day-date display. Monochrome’s October 16, 2021 report lists a 46-hour power reserve, 33 jewels and a frequency of 28,800 vibrations per hour. It also gives the watch’s height as 14.9 mm and water resistance as 60 metres.

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Specification Reported detail
Reference IW377904
Case 43 mm, grade 5 titanium; dark matte finish
Movement IWC calibre 69385, automatic chronograph
Functions Chronograph and day-date display
Power reserve 46 hours, as reported by Monochrome in its October 16, 2021 launch coverage
Water resistance 60 m, as reported by Monochrome in its October 16, 2021 launch coverage
Height 14.9 mm, as reported by Monochrome in its October 16, 2021 launch coverage
Crystal and caseback Sapphire crystals; smoked sapphire caseback
Strap Silver-and-black textile

The dimensions and movement figures above are launch-era specifications reported by Monochrome; WatchTime also identifies calibre 69385 and the set’s principal design features in its October 18, 2021 coverage.

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What came in the collector set?

The complete set paired the watch with a 1:64-scale Hot Wheels Mercedes-Benz 300 SL Racing Works model, packed with the watch in a metal toolbox. Mattel describes miniature details including opening gullwing doors, a detailed interior, racing graphics and the number 68.

The edition was limited to 50 sets. WatchTime reported that the first set was designated for a charity auction benefiting Two Bit Circus Foundation, with the other 49 offered at $10,000 each. That figure describes the launch-era offer for those sets, not a current market price.

Launch price and availability today

Monochrome reported a launch price of CHF 10,900 for the set. WatchTime reported the $10,000 price for each of the 49 sets following the charity-auction set. These are historical launch reports in different currencies, not directly comparable current valuations.

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The Watch Pages says the watch is no longer in IWC’s current collection. That does not establish whether a particular example is available from a dealer or on the resale market, and the sources here do not establish current asking prices or inventory. Treat listings for ordinary 1:64 Mercedes-Benz 300 SL models separately: they do not by themselves establish that the model is the limited Racing Works version from this 50-set collaboration.

Sources: Mattel product page; WatchTime, October 18, 2021; Monochrome, October 16, 2021; The Watch Pages reference page.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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