The Rolex GMT-Master 16700, a watch synonymous with travel and adventure, continues to hold a significant place in the hearts of collectors and enthusiasts alike. Its enduring appeal stems from a combination of robust build quality, iconic design, and a fascinating history. Understanding its current market value, however, requires navigating a complex landscape of factors influencing price. This article will delve into the world of the Rolex GMT-Master 16700, exploring its price range, market performance, and the key factors that determine its value. We'll also touch upon related models and offer a comprehensive price guide.
Rolex GMT 16700 Review:
The GMT-Master 16700, produced from 1988 to 2000, represents a significant chapter in the GMT-Master lineage. This reference features a 40mm stainless steel case, the iconic rotating bezel with 24-hour graduated markings, and the signature GMT hand. Unlike its predecessor, the 1675, the 16700 boasts a sapphire crystal, offering superior scratch resistance. The movement, caliber 3085, is a reliable workhorse known for its accuracy and durability. While it lacks the quick-set date feature found in later models, its simplicity and robust construction have contributed to its lasting popularity.
The dial variations are a key point of interest for collectors. The 16700 came in several configurations, most notably with "Pepsi" (red and blue) and "Coke" (red and black) bezels. The condition of the dial and bezel, along with the presence of any lume degradation, significantly impacts the watch's value. The overall aesthetic is clean and functional, reflecting Rolex's commitment to understated elegance. The bracelet, typically a jubilee bracelet, adds to the comfort and overall luxurious feel of the watch.
Rolex GMT 16700 Price:
As mentioned earlier, the average listing price for a Rolex GMT-Master 16700 on Chrono24 sits around $11,000. However, this is merely an average, and the actual price can fluctuate considerably depending on several factors:
* Condition: The condition of the watch is paramount. A pristine, unpolished example with original box and papers will command a significantly higher price than a watch showing signs of wear and tear. Scratches, dents, and any signs of previous service can all affect the value.
* Bezel Insert: The bezel insert is a particularly vulnerable component. Faded or damaged inserts will drastically reduce the value, especially for the coveted Pepsi and Coke variations. Original, vibrant inserts are highly sought after.
* Dial and Hands: The condition of the dial and hands is just as crucial as the bezel. Lume degradation, discoloration, or any signs of repainting will negatively impact the price. Original, unmolested dials are highly valued.
* Box and Papers: The presence of the original box and papers (certificate of authenticity) significantly increases the value of the watch. These documents provide provenance and authenticate the watch's legitimacy.
* Service History: A documented service history from an authorized Rolex service center adds to the value and reassures potential buyers of the watch's mechanical integrity.
* Specific Variations: While the average price hovers around $11,000, certain variations, particularly those with desirable dial and bezel combinations, can command significantly higher prices. For instance, a well-preserved Pepsi bezel variant often fetches a premium.
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