Question on Appraisal Value for 16710

[travelergmt]

My first post—super excited to join this community!

I have a 16710 pepsi from the 90s that I had inherited in the family which I am looking to wear more often and to have it insured.

An independent appraiser valued it at $13,000 which is higher than the $9.7k retail and also roughly ~10%-15% higher than secondary market from chrono and bobs.

From my perspective the downsides are paying extra insurance premium than necessary and especially if aftermarket values decline in the future. The upside would be if the 16710 pepsi aftermarket values increase significantly in the future I would be covered and not have to do another updated appraisal.

Any thoughts? Thanks.

[TVal07]

Hi - welcome! I’ve just recently gone through a similar experience. Independent appraisal tends to lean toward the higher side of value - particularly on Rolex from what I have encountered.

I’d stick with that appraisal and pay a bit more for the insurance - at least you will be covered for full value should anything happen.

That said, as always, condition is everything. If it’s just the watch, no box, no papers, etc. that should be factored into the fair market value. The 5 digits - particularly the 16710s - have gone up quite a bit in recent years. $13k may be high but no one knows what the value will be 1, 3, 5 years from now. Best to insure for reasonable future value.