The Rolex GMT-Master, particularly the reference 16700 in its iconic "Pepsi" bezel configuration, holds a legendary status among watch enthusiasts. This article delves deep into the world of the Rolex GMT Pepsi 16700, exploring its history, desirability, pricing trends, and what to look for when considering purchasing one of these highly sought-after timepieces. We'll also examine the information provided – a Chrono24 listing for a sharp 1990 model – to better understand the current market landscape.
The Allure of the 16700:
The Rolex GMT-Master 16700, produced from 1988 to 2000, occupies a sweet spot in the hearts of collectors. It represents a transition period in Rolex's history, bridging the gap between earlier, more tool-watch-focused models and the more modern, refined versions that followed. This specific reference offers a unique blend of vintage charm and robust functionality, making it both a desirable investment and a pleasure to wear.
The "Pepsi" bezel, with its alternating blue and red segments, is instantly recognizable and undeniably iconic. This vibrant color combination, representing the dual time zones the watch was designed to track, became synonymous with the GMT-Master and added to its already considerable appeal. Unlike its predecessors, the 16700 featured a sapphire crystal, offering superior scratch resistance compared to the acrylic crystals used in earlier models. This detail, along with the overall improved construction, contributed to its lasting popularity.
Rolex Pepsi 16700 Price: A Market Analysis
Determining the exact price of a Rolex GMT Pepsi 16700 is a complex task. Several factors significantly influence its value:
* Condition: The condition of the watch is paramount. A pristine example, like the Chrono24 listing mentions, with its "sharp case" and accompanying box and papers, commands a significantly higher price than one exhibiting signs of wear. Scratches, dents, and imperfections all detract from the value. The presence of the original box and papers ("Box & Papers," as often abbreviated) is a crucial element that significantly increases a watch's value and desirability.
* Year of Manufacture: Watches produced earlier in the 16700's production run (1988-1990) are generally more sought after by collectors, potentially commanding higher prices than later models. Slight variations in dial and hand styles across the production years also contribute to pricing differences.
* Market Demand: The overall demand for the Rolex GMT Pepsi 16700 fluctuates. Increased popularity often leads to higher prices, while decreased interest can result in lower prices. Current market trends and economic conditions also play a role.
* Seller: The reputation and location of the seller also influence the price. Reputable dealers, like those featured on Chrono24, tend to command higher prices due to their established trust and verification processes. However, they also offer a degree of assurance regarding the authenticity and condition of the watch.
The Chrono24 listing, priced at $12,723 with free shipping, serves as a data point in the current market. While it represents a single example, it provides valuable insight into the price range for a well-preserved 1990 model. This suggests that high-quality examples of the 16700 in excellent condition can command prices well into the five-figure range.
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