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2 March 2011, 05:44 AM | #1 |
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advice on my first rolex purchase GMT!
I have my heart set on a GMT master as my first Rolex. Found one at a local, legitimate dealer, it is an "F" serial 16710 with box and papers, in what appears to be excellent condition, with the Pepsi bezel. I was able to talk them down to a cash price out the door $4,500.
Is that a fair price for this vintage watch? I found some others around 4,800-5,000 in similar condition, but without the box or papers, which is why I am drawn to this one! Anyways, I'd like to pick it up if it gets the ok from the experts here! Let me know! -Christian |
2 March 2011, 05:51 AM | #2 |
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F is not really vintage, it could be 2003-2005.
If plastic box, then 2005. Price is fair for a brick-and-mortar store, especially if its your first watch, and you gonna keep it for a while. |
2 March 2011, 05:56 AM | #3 | |
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Quote:
The classic GMT [16710] had a preloved selling price of $3500.00 when the GMT IIc was released some 5 years ago. Many were selling the old to fund the new. Then, many found the classic GMT to be of more interest because of the bezel options as well as other attributes and the price has continued to increase. dP
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2 March 2011, 06:13 AM | #4 | |
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Quote:
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2 March 2011, 07:11 AM | #5 |
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Seems like a fair price. Recently dealers have been asking in the mid to high $4K range on the forums (sometimes even higher) for similar age GMTs.
The nice thing about a (reputable) local store is that you can inspect the watch first and there is no shipping risk. I made a similar decision to buy local and pay the sales tax rather than buying on the internet for the same price. See if you can get them to back it with 1 year of free service, just in case. |
2 March 2011, 08:50 AM | #6 |
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if you want a couple of serials older they can be had for 3.5-4k, easily
but in short you wont be overpaying for your F
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2 March 2011, 09:37 AM | #7 |
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If the Dealer is legitimate, the price is competitive......
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2 March 2011, 09:48 AM | #8 |
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Larry is right I say go for it, if you you trust the dealer
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2 March 2011, 09:48 AM | #9 |
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Welcome to the Forum!
Sounds good, oyster or jubilee? |
2 March 2011, 11:09 AM | #10 |
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Update:
So I took the plunge, and bought the watch this afternoon. Very happy with a like new F serial 16710 Pepsi GMT, with the box and original papers including the US rolex warranty sheet showing the watch was originally purchased in 2006. Thank you all for the welcome, and the encouragement to go forward with the purchase! One thing I noticed is the older GMT's have numbers stamped on the link of the bracelet which attaches to the watch case, and the more recent models (mine included) do not have the stamp. Is that standard and around when did Rolex begin to Omit those stamps? Heres a quick photo of the new addition, (excuse the quality and the fingerprint! , only an old P&S on hand at the moment, the DSLR is MIA) |
2 March 2011, 12:29 PM | #11 |
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Looking good even with the finger print. Congrats.
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2 March 2011, 01:15 PM | #12 |
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Great purchase, at a very good price. Congrats.
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2 March 2011, 01:33 PM | #13 |
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Well its too late now but I agree you did just fine on the price Congrats on your new baby and dont forget to post a wrist shot
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2 March 2011, 01:37 PM | #14 |
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Congrats and it looks Clean and in good condition, Did it come with the finger print on the crystal It happens to me a lot when I take pics.
Enjoy it
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2 March 2011, 04:18 PM | #15 |
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Nice watch!
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2 March 2011, 06:48 PM | #16 |
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Excellent!
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2 March 2011, 07:42 PM | #17 |
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I think it sounds good..
The price is fair, complete with box & papers and most of all you are "drawn to this one".
I say go for it! Great choice for your first Rolex!! |
2 March 2011, 07:44 PM | #18 |
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Didn't scroll down to see your update.
Congrats on the purchase!!
Looks great! I hope you enjoy it for many years.. |
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