$22,000 5-digit GMT?

[meyers]

Whatever the market will bear!

As a 16710 wearer, I find these small variations and details (eg. 3185/3186) to be fascinating! IMO the history and these small details is part of what makes Rolex so alluring

[strafer_kid]

Originally Posted by SWISSAHOLICS

It’s a bargain compared to this:

https://www.ebay.com/itm/ROLEX-GMT-1...8AAOSw8zdaz6Xg

Great watch but is this all getting a bit crazy?

[SeaAndSky]

Originally Posted by padi56

Would not anyone act being nice when selling anything.

Padi is a refreshing breath of fresh air in a site being taken over and ruined, for me, by people afraid to wear their watches, investors, speculators, and gougers.

[dmash]

Originally Posted by SeaAndSky

Padi is a refreshing breah of fresh air in a site being taken over and ruined, for me, by people afraid to wear their watches, investors, speculators, and gougers.

I agree with practically every comment he makes

[springer]

Originally Posted by sensui

Complete set m serial with a 3186 movement in excellent condition...David knows the market and he's going to get what he wants.

Maybe, but it is wayyyyyy over priced.

[sensui]

Originally Posted by springer

Maybe, but it is wayyyyyy over priced.

I wouldn't buy it...but I wouldn't buy the bejeweled/candy crush Daytona either....I know the market is there and the 16710 market has now been driven to be limits. I know David personally goes to most jewellery/watch shows and keeps a pulse on pricing...so his asking prices most often are current market. (Albeit a tad higher to accommodate for bargaining)


You know what they say....people can ask whatever they want....

[Art 1]

I was shocked when I saw that.

[WJGESQ]

Originally Posted by max.wells

Wow crazy. I remember these things new in the case at pretty much every AD you stepped foot in at $5k back in 2003. Lol.


Max Wells
Orlando, FL

Me. Too.

[SkyKing31]

Originally Posted by dmash

I agree with practically every comment he makes

He makes sense

[superstarmar]

Originally Posted by sensui

Complete set m serial with a 3186 movement in excellent condition...David knows the market and he's going to get what he wants.

Not from me ...

[No SUBctitute]

Originally Posted by max.wells

Wow crazy. I remember these things new in the case at pretty much every AD you stepped foot in at $5k back in 2003. Lol.


Max Wells
Orlando, FL

Only a bit better than the stock market. If you invested $5,000 in an SP500 fund in 2003 you would have $15,000 now. If you invested that $5,000 in the NASDAQ composite you would have $25,000 today.

[No SUBctitute]

Originally Posted by sp3000

nearly a year ago I was in contact for a NIB Coke from AIS, They wanted too much then and now a year later the watch is another $10k more, they just slowly upped the price... Still no takers. Maybe when they triple the price someone will have to have it!

Now, AK, that would be a Veblen good!

[wisguy]

I would only argue that early 3186 are known to have issues with the click spring, so I don’t see why there would be a premium, even after the fix it’s basically the same performance as a 3185.

But, prices are set but the market I guess.

[envuks]

Originally Posted by 904VT

If someone had $70k to spend on a watch and doesn’t look at a Patek (or similar) over this, I’m not sure what to say.

The target buyer for this watch is extremely niche. Likely a large Rolex collector. I’d imagine they'd know exactly what it is and why they’re paying what they are for said watch.

I don’t envision any layman type watch buyer being tempted by this unless they somehow found out about what it is / why it’s significant and latched onto that concept. Seems far fetched. Just my $.02

[Bladeshot]

Too much for me. But to each his own. And the market sets prices. I’ll stick with my 2000 SEL+holes pepsi, Full Set and 3185. I can’t say much because I can get caught up in things. But not this one...🤙


Sent from my iPhone using Tapatalk

[fishingbear]

I’m sort of missing the point of the OP. We all know as watch enthusiasts that discontinued Rolex SS sport references tend to gain value as time goes by. The economy is great so we are seeing this appreciation accelerated to some degrees on virtually all SS references, past and present.
Would I pay for the listed price? No, but remember: the market on something that is not being produced any longer is whatever someone will pay for it.

[pandrew6l]

Originally Posted by Ks6pd

This one is a bit different as it has the 3186 movement vs the 3185 movement of 2003. It is believed very few 16710 were made with the 3186, mostly in 2007-2008. Many believe this is now a rare watch with the 3186.

Personally, the 3185 is just fine and the premium people will pay for a 3186 is ridiculous. But, as others have mentioned, David knows the market, and a 16710 with B&P and a 3186 is worth $23k to some people and they will gladly pay.

To each is own...

You could have a 16570 with 3186 for $ 5,000

[SLS]

Originally Posted by fishingbear

...We all know as watch enthusiasts that discontinued Rolex SS sport references tend to gain value as time goes by. The economy is great so we are seeing this appreciation accelerated to some degrees on virtually all SS references, past and present.
Would I pay for the listed price? No, but remember: the market on something that is not being produced any longer is whatever someone will pay for it.

Just after the GMT IIc was released, I remember when AD's were saying that the 16710 GMT ll was more rare than the 16710 GMT II because it was a "mistake dial" or vice versa. Most of us thought that this was a sales tactic to move the AD's stock of (at the time) the slow selling GMT ll or II I still believe it's all hype, but I'm not going to complain about the added bonus of the value of my collection appreciating.

[fishingbear]

Originally Posted by SLS

Just after the GMT IIc was released, I remember when AD's were saying that the 16710 GMT ll was more rare than the 16710 GMT II because it was a "mistake dial" or vice versa. Most of us thought that this was a sales tactic to move the AD's stock of (at the time) the slow selling GMT ll or II I still believe it's all hype, but I'm not going to complain about the added bonus of the value of my collection appreciating.

Very true, as I have my Z serial 16710 with that dial in my collection!

[springer]

Originally Posted by strafer_kid

Great watch but is this all getting a bit crazy?

Yes it is getting crazy. Believe me, it's only a matter of time for reality to return. I wouldn't want to be one of those "investor ...what's it worth" buyers when this happens. There's going to be a lot of disappointed buyer-speculators out there in Rolex Land!

[fishingbear]

Originally Posted by springer

Yes it is getting crazy. Believe me, it's only a matter of time for reality to return. I wouldn't want to be one of those "investor ...what's it worth" buyers when this happens. There's going to be a lot of disappointed buyer-speculators out there in Rolex Land!

And that is when it will be time to buy!

[Showcall]

Originally Posted by 904VT

Nice watch, but not for me at that price. Not saying it’s not fair, just not where I’d allocate for my collection. For me, anything over $20k needs to be PM if not true vintage, that includes Patek and AP too.

x2

[904VT]

Originally Posted by envuks

The target buyer for this watch is extremely niche. Likely a large Rolex collector. I’d imagine they'd know exactly what it is and why they’re paying what they are for said watch.

I don’t envision any layman type watch buyer being tempted by this unless they somehow found out about what it is / why it’s significant and latched onto that concept. Seems far fetched. Just my $.02

Definitely the target but I don’t even see one of them paying that premium for a NIB example. The 3186 is a faulty movement too, so if you don’t have it serviced what’s the point and if you do there’s no value in a NIB example at $70k vs an extent condition serviced example at $20k. I couldn’t even see someone like John Mayer spending on this example at 70k. I think this is showing we’re in the speculative phase of valuation cycle.