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15 December 2018, 11:20 AM | #1 |
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What's driving the increased value in 16710 GMTs?
I'm guessing it's the shortage of stainless models combined with the current white gold GMT Pepsi. On paper what I paid for my preowned 16710 it's worth double that now.
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15 December 2018, 11:46 AM | #2 |
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I remember there was thread discussing about this not long ago.
For me the five digits Gmt 16710 or 16700 are most versatile watch, you can have them in Pepsi, coke, all black bezel or root beer. And wear them with jubilee, oyster, nato, or rubber strap. Sent from my iPhone using Tapatalk
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15 December 2018, 11:52 AM | #3 |
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If you own one, you should probably know how amazing it is. It's not a secret. Very desireable reference.
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15 December 2018, 12:02 PM | #4 |
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I guess it's the same or similar factors driving up increased value for pretty much all SS Rolex models.
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15 December 2018, 12:25 PM | #5 |
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For me, I looked at the pics of the new 126710 BLRO and decided the 16710 was well worth adding. It’s unique enough, and with the waiting lists growing, I felt it was better to jump now than wait for prices to soar even higher the next couple years. So.... maybe I’m part to blame for buying one at the going rate? Meh.... enjoy your time here.⌚️
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15 December 2018, 12:34 PM | #6 |
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I think it’s a ripple effect...when the Daytona’s and Subs became over heated in the market, eventually even regular GMTs began to rise.
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15 December 2018, 12:49 PM | #7 |
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In addition to the stainless sports situation and fanned by the new GMT craze... It really has always been one of the best Rolex five digit releases... Certainly the most versatile.
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15 December 2018, 02:17 PM | #8 |
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What's driving the increased value in 16710 GMTs?.......
Posts like this |
15 December 2018, 02:19 PM | #9 |
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Cause they are awesome!
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15 December 2018, 02:21 PM | #10 |
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IDK but I wished it would stop. Only thing that hasnt really taken off is 5 digit SD even the darn Eii is going up. Tudor subs are over the moon which I passed many of them at 2.5K not too long ago
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15 December 2018, 02:23 PM | #11 |
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Joking aside I love mine but no way would I pay the going rate for one....I paid £2k for mine 18 yrs ago and in my opinion its as close to watch prfection as you can get
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15 December 2018, 06:28 PM | #12 |
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15 December 2018, 06:31 PM | #13 | |
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#Every thread needs pictures , it's mandatory & somewhere in the forum rules you will find it & if it isn't it should be |
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15 December 2018, 06:33 PM | #14 |
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all i hear at the moment, is gmt this, gmt that, when i bought mine less than 2 years ago, it was all sub this, and sub that,
has there been a switch in popularity between the two friendly rivals? |
15 December 2018, 07:22 PM | #15 |
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Pepsi all the way!
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15 December 2018, 11:48 PM | #16 |
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Many reasons for the increased value and interest, emotion, sleeker case design, bolder colors.
However, the 5 digit GMT, more than any other discontinued reference, will be the last Rolex produced with 3 different bezel and 2 bracelet options. The owner can swap these options on a whim to create a multitude of different combos. Never again will a watch have the diversity of the vintage GMT. dP
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16 December 2018, 01:38 AM | #17 |
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Because 4 digit vintage prices are insane and 6 digit watches are just not the design or proportions we want. I still think these are overpriced and I would hesitate throwing in much more money for these. I think the 5 digit Sea Dweller is a good buy but these are climbing.
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16 December 2018, 01:39 AM | #18 | |
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16 December 2018, 02:48 AM | #19 |
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Plus Tom Selleck wore one on Magnum PI.
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16 December 2018, 02:59 AM | #20 |
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Pepsi
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16 December 2018, 03:04 AM | #21 |
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Just look at it....is it really any wonder?!
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16 December 2018, 03:55 AM | #22 |
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It's probably the combination of a few things. The release of the 126710blro, high 4-digit prices, Rolex demand in general being high and vintage aesthetic with modern features.
Look what happened to 16520s when the DaytonaC was released. People couldn't get their hands on the new one so they started looking at the old references and now zenith Daytonas start at like 20k. Similar thing is happening with the GMTs now. On the other end of the spectrum there's people who were interested in 1675/16750, but couldn't afford them so they looked at the next option, 5 digits. That's how I ended up with my 16700. |
16 December 2018, 06:48 AM | #23 | |
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17 December 2018, 06:56 AM | #24 |
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17 December 2018, 07:20 AM | #25 |
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Vintage/used prices are ridicolous. There are literarly millions of 16710 and 16610, there is no reason they should be costing up to $10K and above. When will this madness stop?
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17 December 2018, 10:47 AM | #26 | |
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It will stop as soon as Rolex makes a GMT with customer changeable bezels and a choice of brushed oyster or Jubilee bracelet. Oh yes and make enough of them to satisfy at least 50 % of the demand. If this happens You can expect a 10-15% drop in value, madness thwarted. Sent from my iPhone using Tapatalk |
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17 December 2018, 10:54 AM | #27 | |
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17 December 2018, 11:33 AM | #28 | |
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Asking prices are unfortunately based on what's actually available rather than what was originally manufactured. It's not as black-and-white as one might hope. |
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17 December 2018, 11:51 AM | #29 | |
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17 December 2018, 01:36 PM | #30 |
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When I'm looking for a watch with box and papers service papers won't cut it.
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