What is going to happen to the older GMT reference prices?

[Michigan_State]

However I twist and turn it, I have to agree, prices will very likely not come down again. Too bad, means I‘m out, I just can‘t rock a 10k watch as my daily and bang it up. Should‘ve bought earlier, but was not really sure if I‘d stick to this hobby.

[ras47]

For many people the 5-digit GMTs are the standard. Smaller case and more vibrant colors.

16710 BLRO

[Speed]

Originally Posted by Yobber76

They ain't coming down anytime soon. If you really want, find a way too buy.

This

[Verdi]

There are a lot of guys looking to sell ceramic GMTs including batman, on my local market. Prices are lower.

This is the new Pepsi effect. Ppl want the new movement, the new model. Considering that batman is almost the same price it makes sense. For a little more you get an upgraded gmt that everyone wants.

[Speedbird-1]

There's the usual, unhelpful, self regarding, self congratulating
going on here.

eg. "I'm glad I got mine when.......blah, blah, blah".

[milgauss2007]

Originally Posted by jfmiii

it's all mania. pure madness. im glad i bought this when i did. would never pay the prices they are fetching now. people who dont think this is all a bubble have their heads in the sand, imo.

Well said. The more people tell me things will go up at this rate forever the more I am sure it is a bubble.

Sent from my Moto G (4) using Tapatalk

[novae500]

well i'm glad i got my coke and pepsi years ago.. Sure couldnt afford the price they are going for now!!

[Speedbird-1]

It's simple, isn't it?
Desireable, popular item, stops beng manufactured.
Desire for said object continues.

What will happen to values?.........err.

1960's E-Type Jag sold for about £3000.
Last one made in 1975.
Current values, around £150,000


It's not 'rocket surgery', is it?

[Relentless]

When the stock market goes kaput these prices will drop some. We need another recession so I can get some 16710 cheap.

😂

[Speedbird-1]

Originally Posted by Relentless

When the stock market goes kaput these prices will drop some. We need another recession so I can get some 16710 cheap.

😂

And E-Type Jags!

[KateB]

Wow, some great Pepsi's! Thank you for all your responses. Funny that earlier on the T (subway) I saw someone browsing this very thread

Originally Posted by tubojunk

Not going anywhere. There is still that desire for the 5 digit references and buyers like yourself only reinforce that fact. I would try to pick one up you like sooner rather than later.

Very true. The desire is growing day by day and this forum only make it worse. I think it is time to give in.

Originally Posted by wfreed22

The days of getting a 16710 under 10k are numbered imo

That is indeed my very fear if I wait longer. I have been closely following the prices of 16710 and 16713 since last year and everything just gone up so fast since October.

Originally Posted by watchtabs

I've seen them go down at Bobs.

Yes, I saw that on another post and checked Bob's immediately. It does seems their prices are softening a little but still quite high compare to the Classified on TRF.

Originally Posted by dba

You don't have to make a significant achievement to justify a Rolex.

Now I understand and agree. Unfortunately I bought into the saying "it tastes so much better when you put work into it" Cost me dearly.

Originally Posted by J_1964

There are frequently 16710 GMTs available From Trusted Sellers Right Here On TRF!

TAKE YOUR TIME, and Watch the Classifieds here on TRF. When you see one you like, check out the seller on the "Whos Who" section on this forum. If they check out, Pull The Trigger! If you are still a bit paranoid, use Paypal to make your purchase if the Seller will accept PayPal (the seller may ask you to cover PayPal costs, but it may be worth it to you).

Good Luck!

I am definitely going the TS or local dealer route. I made an amateur mistake earlier this year and took the eBay route. I was incredibly lucky that everything turned out ok, but the stress of waiting, and getting everything check out was nuts.

Originally Posted by bbressler

Your significant achieve is saving up and buying a Rolex. Life’s too short, stop waiting, and buy the one you really want.

Yes, the process of saving and the discipline involved taught me a lot.

Originally Posted by 037

Also keep some cash set aside for a proper service, even if you go independent rather than RSC. Anything 10 years or older without service history should be assumed to be dry of oils and wearing itself out.

It's not sexy to talk about service but an important consideration when buying older watches.

Indeed! I did not plan well last time and the services cost stung me quite a bit.

Originally Posted by G'ed

At current price, 116710LN a much better deal. Even before the mania, it’s already available at good deal for used piece in mint condition at mid 6 grand to low 7.

I have noticed that the GMTc LN are inching up to mid 7000 lately. Do you mind if I pm you if I decided to go 6 digits?

Originally Posted by joli160

Settling for a LN is not really "settling" imho and is the way I would go

Settling maybe a wrong word, I have tried on a 116710LN and the supercase is a bit too big for me.

Originally Posted by Onikage

Bagging one ASAP is the achievement. It sounds like you've got the justification covered.

I am two payments away in paying off my student loans - I always pay extra every month to paydown the principle... sorry I am drifting off... just day dreaming about a debt free life... unfortunately the Pepsi won't wait for me.

Originally Posted by thesharkfactor

don't wait to celebrate the achievement with a Rolex, the Rolex is the achievement or occasion..

Very wise words sir!

Originally Posted by 1William

If you want one I would find a good example and buy it. If you are waiting for the prices to go down I don't think it will happen in the near future. I have been the vintage route and it is not for me. I am buying the Tudor GMT when it arrives at my AD and for me this is the best of both worlds.

I've thought about the Tudor GMT but I am not sure if I can handle the thickness of the case... I am planning to check it out when it is released.

[jrs146]

I don't think anything is going to head down anytime soon. Best option is to ALWAYS buy when you're ready and not try to time the watch market.

[KateB]

Originally Posted by Lt Virgil Hilts

It's simple, isn't it?
Desireable, popular item, stops beng manufactured.
Desire for said object continues.

What will happen to values?.........err.

1960's E-Type Jag sold for about £3000.
Last one made in 1975.
Current values, around £150,000


It's not 'rocket surgery', is it?

Originally Posted by jrs146

I don't think anything is going to head down anytime soon. Best option is to ALWAYS buy when you're ready and not try to time the watch market.

Yes, deep down I know it is going to happen, just in denial that the train is leaving that fast. The FOMO is so real now that the 126710BLRO is going for astronomical number.

[KateB]

Originally Posted by Verdi

There are a lot of guys looking to sell ceramic GMTs including batman, on my local market. Prices are lower.

This is the new Pepsi effect. Ppl want the new movement, the new model. Considering that batman is almost the same price it makes sense. For a little more you get an upgraded gmt that everyone wants.

This is the first time I hear that the BLNR values going down... that is another iconic GMT that I sometimes dream about.

My preference:
16710 > 116710 BLNR > 116710 LN

vs.

What I can afford today :
116710 LN > 16710 (in 3 months) > 116710 BLNR (in 3-4 months)