The Rolex GMT-Master II Pepsi, with its instantly recognizable blue and red Cerachrom bezel, is a grail watch for many collectors. Its history, functionality, and enduring appeal have solidified its place as a legend in the world of horology. This article will explore the price of this coveted timepiece, focusing on the factors that influence its value and providing a comprehensive overview of the market. We'll delve into specific examples, like the listed 16710 model, and examine broader trends affecting the Rolex GMT-Master II Pepsi price.
The Listing: A 2001 Rolex GMT-Master II Pepsi (Ref. 16710)
The listing mentioned – a 2001 Rolex GMT-Master II Pepsi (Ref. 16710) priced at $13,287 in very good condition with original box – provides a valuable starting point for our discussion. This price reflects a number of factors, including the model's age, condition, and the current market demand. Let's break down these crucial elements:
* Reference Number 16710: This reference denotes a specific generation of the GMT-Master II, produced between 1988 and 2007. The 16710 is highly sought after for its combination of classic design elements and the use of an aluminum bezel insert (as opposed to the later Cerachrom inserts). The aluminum bezel, while more susceptible to fading, holds a certain charm for many collectors, adding to its desirability.
* Condition: The listing specifies "Very Good" condition. This is a crucial factor in determining price. Minor scratches and wear are expected on a 20-year-old watch, but significant damage or repairs can substantially impact its value. A thorough inspection by a qualified watchmaker is always recommended before purchasing a pre-owned Rolex. The inclusion of the original box significantly enhances the value, providing provenance and authenticity.
* Market Demand: The Rolex GMT-Master II Pepsi, regardless of reference number, consistently commands a high price due to its popularity and relatively limited production compared to the overall demand. This particular model, being a pre-owned example from a specific era, is subject to the fluctuations of the pre-owned luxury watch market. Factors like current economic conditions, trends in collector preferences, and overall availability influence the price.
Rolex GMT-Master II Pepsi Bezel: A Symbol of Status and Functionality
The iconic Pepsi bezel is a defining characteristic of this watch. The two-tone design – typically blue and red – represents the duality of time zones, reflecting the watch's primary function. The GMT-Master II's ability to display two time zones simultaneously made it a favorite among pilots and travelers. The bezel's design, material, and condition significantly influence the overall value of the watch.
* GMT Master II Pepsi Bezel: The evolution of the Pepsi bezel itself is a fascinating story. Early models featured aluminum bezels, which, as mentioned, are prone to fading and discoloration over time. Later models adopted the more durable and scratch-resistant Cerachrom bezel, a ceramic insert that maintains its color far better. The type of bezel significantly impacts the price, with Cerachrom bezels generally commanding higher prices.
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