Trade for 16710... Would you?

[Gimoozaabi]

I've made my mind already but I am curious to hear your opinion -

Would you trade a Panerai Pam 000 and Tudor BB GMT + 5500EUR for unpolished and lightly worn Rolex 16710 full set box and papers?

I know, the BB GMT is technically a better watch but the Rolex GMT master is the real blueprint. Besides I prefer the 5 digit GMT to the modern LN/BLRO/BLRN GMTs.

So ... would you do this trade?

[Gimoozaabi]

Additional info: the 16710 is with BLRO/Pepsi bezel, D serial (circa 2005), SEL bracelet, no holes case.

[Spoonage]

I wouldn't. Sounds like your putting too much.

[dpt.calvin]

Too much.

[DoctorA]

Wow!!! That makes the 16710 around a $14k-$15k value!!

I love the 16710 but wouldn’t put all that much for one!

[GMT Freak]

If the trade included box and papers and you cut off $2000 euros then it should be a decent trade.

If not, no way.

[Onikage]

Originally Posted by Gimoozaabi

I know, the BB GMT is technically a better watch

It's a fatter watch. And the date doesn't work.

[onefishtaco]

Originally Posted by Onikage

It's a fatter watch. And the date doesn't work.

This made me laugh. It's so true, but I'm still getting one ... going to love my fat "no-date" GMT despite all her flaws.

[yisrael42]

I agree with the replies that this seems a little too steep. Pull back on the cash a bit, and I'd say go go go!

[Gimoozaabi]

Thanks to all who replied!

The watch dealer offers 2760Euro for the BB GMT, 3100Euro for the Panerai 000 plus additional 5500 (total 11360 Euro) for 16710.

I really like the 5 digit GMT Master but I also think it is too much. Kicking myself for not picking one years earlier.

[mountainjogger]

I guess I will be the dissenting voice here.

Are you trading with a casual seller or friend, or are you dealing with an established watch seller like a trusted seller?

If you are trading with a casual seller or friend I would not do the deal.

However, if you are dealing with an established seller who will stand behind the watch I don't have a problem with it.

Many on this forum profess to look at trades as a no profit for the seller/cost for the buyer proposition. For me, I think that is naive and I wonder how many times they have successfully traded their watch to an established seller and gotten full retail value for their watch. Call me skeptical.

An established seller has to make a profit on the sale and the resale. Period. End of story. They invest the time and money in maintaining the business and earning a reputation. And they must make a profit or they are out of business.

That is why used car values have several different numbers - trade in, private sale, and retail at a dealer. And when you go to the grocery store, you don't pay the same price for food that the grocer gets his inventory for. Watches are no different.

Established sellers are in this for a living. If they gave you full retail on a trade and the resold it for the same amount and also stood behind the watch they would loose money. Why in the world would they do that? Short answer is they won't. So for and established seller, the trade value is not the same as what they can sell it for.

Yes, you can try to sell your watches on eBay or some other venue and if you don't get stung maybe get more for your watches. If this works for you, great. But that is not my cup of tea.

Add to that, what you want is a classic higher end sports model that commands a premium. What your are wanting to trade are nice watches but not in the same ballpark, and they are not as easy to sell or trade.

So, if you want the GMT and the seller is an established trusted seller, negotiate your best deal and go for it.

[heyandrewworld]

Originally Posted by mountainjogger

I guess I will be the dissenting voice here.

Are you trading with a casual seller or friend, or are you dealing with an established watch seller like a trusted seller?

If you are trading with a casual seller or friend I would not do the deal.

However, if you are dealing with an established seller who will stand behind the watch I don't have a problem with it.

Many on this forum profess to look at trades as a no profit for the seller/cost for the buyer proposition. For me, I think that is naive and I wonder how many times they have successfully traded their watch to an established seller and gotten full retail value for their watch. Call me skeptical.

An established seller has to make a profit on the sale and the resale. Period. End of story. They invest the time and money in maintaining the business and earning a reputation. And they must make a profit or they are out of business.

That is why used car values have several different numbers - trade in, private sale, and retail at a dealer. And when you go to the grocery store, you don't pay the same price for food that the grocer gets his inventory for. Watches are no different.

Established sellers are in this for a living. If they gave you full retail on a trade and the resold it for the same amount and also stood behind the watch they would loose money. Why in the world would they do that? Short answer is they won't. So for and established seller, the trade value is not the same as what they can sell it for.

Yes, you can try to sell your watches on eBay or some other venue and if you don't get stung maybe get more for your watches. If this works for you, great. But that is not my cup of tea.

Add to that, what you want is a classic higher end sports model that commands a premium. What your are wanting to trade are nice watches but not in the same ballpark, and they are not as easy to sell or trade.

So, if you want the GMT and the seller is an established trusted seller, negotiate your best deal and go for it.

+1 for this


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[faimag]

Go for it. You obviously like the 16710 and u should get what you want to wear. although the trade may not be in your favor (it never is with dealers), you will get over it fast ;)

[Speed]

Originally Posted by faimag

Go for it. You obviously like the 16710 and u should get what you want to wear. although the trade may not be in your favor (it never is with dealers), you will get over it fast ;)

Agreed...especially if you don't wear the other watches often, and if you'd wear the heck out of the Pepsi.

Not a fan of those black bays at all...or most any Tudor save for a vintage blue snowflake.

[996marty]

The 16710 is a brilliant watch and if you truly want it I’d go for it,If you could get it slightly cheaper even better but over time you’ll not regret it.

[Fleetlord]

Interesting deal.

The dealer is offering you a very strong trade in on the Panerai and solid trade in on the BBGMT.

He has the Rolex priced on the high side, but he is offering you strong #'s on your trade, so it's all relative.

You should expect to have a $5500 - $6000 CASH top off in that scenario no matter what you do. Somebody with a cheaper Rolex would more than likely offer you less in trade for the 2 watches....especially the PAM, which is pillowy soft at the moment (and the 000 is among the strongest of the lot for PAM), so i wouldn't expect to get anywhere near that elsewhere for the 000

The Pepsi is an always sought after, popular and complete out of production Rolex in the highly desirable 5 digit case size. Prices on these will just continue to rise as demand is very high...and that makes the high production numbers of that reference irrelevant in terms of pricing.

Anytime you can trade other softer brands and references into a Rolex, it's a green light.

[jamescarter2a]

Originally Posted by 996marty

the 16710 is a brilliant watch and if you truly want it i’d go for it,if you could get it slightly cheaper even better but over time you’ll not regret it.

+1

[Gimoozaabi]

Very interesting opinions, thank you for providing them.

The watch dealer is an established seller and it is perfectly understandable tha he has to make profit as well. The element of the risk associated with the shipping of the watches is non existent as the dealer is located in the same city. In fact we already had two transactions and I can attest that he is solid.

I know that Panerai is soft but didn't expect that the Tudor is in the same position, it could well be related to the model famous for the date change issue. My BB GMT had this issue and the movement was replaced under warranty. I let the dealer know and I will provide the paperwork. Since the movement was replaced I started to feel differently about the Tudor and decided to replace it with the 16710.

Long story short, in the next few days, there will be an incoming pictures. :)

[mountainjogger]

Good call. Can't wait to see the pics.

[FreshPrince14]

I love my 16710 but that's not a good deal for you.

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[MagPI]

It’s hard for me to comprehend, given that I bought my full-set, mint condition, unpolished, D serial 16710 BLRO four years ago for $6k usd.

[JonaG]

I'm glad you've gone for it. In my opinion you are getting one of the most iconic watches from Rolex of the old 5 digits and being a D serial it's on the later side of its production. I paid Eur9k for my Z serial 2 years ago and the fact is prices are never going back to "$6k". It's a hard pill to swallow for some. At this price-range condition is everything so if it's lightly worn as you say then I don't see a downside here.

[JR16]

For $2k less i would say this is fair- so maybe try to negotiate down by $1k since it’s a TS.


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[PepsiBezel]

A full set 16710 BLRO in the condition described does not come cheaply...

If you have no attachment to the PAM or Tudor, I’d do at with that dealer just for the convenience and wouldn’t worry about whether a technically “better” deal could be had if you knocked on enough doors.

I don’t always agree with @oinkage, though admire his steadfast defense of the 16710... but in this instance I agree. I don’t think the BBGMT is technically superior... it’s thicker, and has a history of date issues. As with many models, the only Rolex competition is between new and old — 126170 or 16710.

Good luck!

[fskywalker]

No


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[ltmgeller]

I'd pass. Sound like you are paying way too much.

[Nikrnic]

Sounds like the 16710 your looking at is a 12 to 12.5k piece. Probably gained 1k in value since last year.

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[jjfesq]

Much too much too much


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[Gimoozaabi]

Thank you all for your opinions!

As I said above, it is decided to proceed with the trade. I will source all available bezels and possibly the jubilee bracelet will and wear the watch in rotation with the one I wear to work. The versatility and diversity is indeed the 'gift' of this reference.

The watch movement only was serviced 2 years ago and the watch is not polished during the service - these are the added bonuses.

[JP.]

Sounds crazy. Back in 2008 I paid 3800 euros for mine (full set K serial).