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Im Lauf der Zeit · 15 May 2014, 01:05 AM

At Sotheby's Geneva watch sale this morning a Reference 16700 GMT Master with Pepsi insert sold for $10,600 (9,375 Swiss Francs)--nearly double the high estimate. Is this an example of the new Ceramic WG 116719 lifting up Pepsi GMT prices, growing demand for an interesting often overlooked reference or what... Thoughts?

http://www.sothebys.com/en/auctions/...01/lot.11.html

Cru Jones · 15 May 2014, 01:07 AM

i saw that and was astounded....must have been two people who knew each other trying to one up the other?

Broker Boy · 15 May 2014, 01:09 AM

I've been looking for a GMT Master II lately and prices are really high. I've not seen the GMT go for more than a similar condition/year Sub, but it's happening now.

The Libertine · 15 May 2014, 01:19 AM

Quote:

Originally Posted by Broker Boy

I've been looking for a GMT Master II lately and prices are really high. I've not seen the GMT go for more than a similar condition/year Sub, but it's happening now.

GMT II Master demand, as well as prices will only continue to increase.

HogwldFLTR · 15 May 2014, 01:21 AM

Wow, feel better about my $4K purchase a few weeks ago.

The Libertine · 15 May 2014, 01:23 AM

Quote:

Originally Posted by HogwldFLTR

Wow, feel better about my $4K purchase a few weeks ago.

I picked up mine a couple of weeks ago from David - worth every penny paid.

Micha · 15 May 2014, 01:31 AM

Quote:

Originally Posted by HogwldFLTR

Wow, feel better about my $4K purchase a few weeks ago.

RolexJNJ · 15 May 2014, 01:35 AM

Wow! Of course that final sales price includes buyer's premium, which I believe is 25%?

Still though, this could be an example of the BLRO inflating prices or just auction fever! That's the beauty of auctions, you never know what's going to happen!

Jake B · 15 May 2014, 01:43 AM

Well, although prices might go up, I haven't seen any difference yet, and there are several Pepsi GMT-II in excellent condition within blocks of my flat in the $5K USD range. Am I missing something? Is there something special about this one? It doesn't look to be unused since it looks like there's some gunk on the bracelet.

tkerrmd · 15 May 2014, 02:05 AM

Yeah that was crazy!

BNA/LION · 15 May 2014, 02:20 AM

More than I would pay for it. Maybe the bidders got caught up in a little bidding war...

Randy · 15 May 2014, 02:24 AM

There not going to go down in price that's for sure!! I sold a BNIB Z serial for 9500.00.

lobsterlee · 15 May 2014, 02:34 AM

WOW... I got my 1999 'A' serial 16700 back from Rolex after a full service a few weeks ago. It's not been worn since. I have all papers and original box etc.

Is anyone willing to accept my swap request for the new Ceramic WG?

hbk75 · 15 May 2014, 02:41 AM

should i keep my 16710 coke?

SeaAndSky · 15 May 2014, 02:51 AM

I would never pay that for a run of the mill stainless steel vintage gmt. A fool and his money are soon parted.

andpassport · 15 May 2014, 02:54 AM

I have 2 , never worn with stickers and papers. Counting on continued appreciation.

Casey VP-26 · 15 May 2014, 03:30 AM

Thanks for the link.

ronricks · 15 May 2014, 05:25 AM

noticed lately that all gmt's are almost rising in cost........

ltmgeller · 15 May 2014, 05:35 AM

Wow. $12,500 all said and done is a lot. I have 16700 Pepsi id swap for a ceramic tt gmt. Any takers?

The Libertine · 15 May 2014, 05:40 AM

Quote:

Originally Posted by hbk75

should i keep my 16710 coke?

I would.

MATCH1969 · 15 May 2014, 05:50 AM

Some GMT are more difficult to find in perfect conditions. 16760 for example was produced for only 5 years and not as easy to find as 16710

Im Lauf der Zeit · 15 May 2014, 05:55 AM

Quote:

Originally Posted by ltmgeller

Wow. $12,500 all said and done is a lot.

Mike--that $10K+ number already includes the buyer's premium--but it's still a nice jump in price for this watch, significantly more than recent auction sales including what Christie's sold a 16700 Pepsi for only a couple of says earlier also in Geneva. Maybe there were two underbidders for that Pepsi who after 48 hours thought decided they just had to have one.

Lion · 15 May 2014, 05:56 AM

The Rolex GMT is my favorite watch so I like to see others buying and appreciating a fine Swiss timepiece!!!

Zoran · 15 May 2014, 05:57 AM

Quote:

Originally Posted by Randy

There not going to go down in price that's for sure!! I sold a BNIB Z serial for 9500.00.

I saw a BNIB M-Serial Coke trade hands for 9000€ an few days ago in The Netherlands! That's just over 12k$

Incredible...

Racerdj · 15 May 2014, 06:52 AM

Impressive!

capote · 15 May 2014, 06:57 AM

Maybe they thought they were bidding on the internet hype 3186 16710 "error dial"

The 16700 had a really long production run and can't be thought of as rare. There are 114 of them at chrono24 right now. I guess it was two guys that didn't know when to stop bidding, I really don't think the new WG GMT-c has anything to do with this anomaly.

Dan Pierce · 15 May 2014, 07:01 AM

Quote:

Originally Posted by The Libertine

GMT II Master demand, as well as prices will only continue to increase.

The increase in value started as soon as the first ceramic GMT was introduced. While visiting ADs in Guam and Milan both told me they could sell 10 that day when eyeing my 16710.
dP

Frosty · 15 May 2014, 07:06 AM

Wow! That is what I have on my wrist today with a Coke Insert.

Darlinboy · 15 May 2014, 08:27 AM

Bidder forgot about the buyer's premium.

The Libertine · 15 May 2014, 08:41 AM

Quote:

Originally Posted by Dan Pierce

The increase in value started as soon as the first ceramic GMT was introduced. While visiting ADs in Guam and Milan both told me they could sell 10 that day when eyeing my 16710.
dP

Not surprised in the least. Ceramic models lost some of the "mojo" that the 16710 and prior iterations had to offer.

15 May 2014, 01:05 AM	#1
Im Lauf der Zeit "TRF" Member Join Date: Nov 2012 Location: NYC Posts: 1,000	Ref. 16700 Pepsi sells for $10K+ At Sotheby's Geneva watch sale this morning a Reference 16700 GMT Master with Pepsi insert sold for $10,600 (9,375 Swiss Francs)--nearly double the high estimate. Is this an example of the new Ceramic WG 116719 lifting up Pepsi GMT prices, growing demand for an interesting often overlooked reference or what... Thoughts? http://www.sothebys.com/en/auctions/...01/lot.11.html Attached Images

15 May 2014, 01:21 AM	#5
HogwldFLTR 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: Aug 2012 Real Name: Lee Location: 42.48.45N70.48.48 Watch: Too many to list! Posts: 33,694	Wow, feel better about my $4K purchase a few weeks ago. __________________ Troglodyte in residence! https://www.rolexforums.com/showthread.php?t=808599

15 May 2014, 01:43 AM	#9
Jake B "TRF" Member Join Date: Apr 2011 Location: Hong Kong Watch: Gold Sub 116618LN Posts: 2,820	Well, although prices might go up, I haven't seen any difference yet, and there are several Pepsi GMT-II in excellent condition within blocks of my flat in the $5K USD range. Am I missing something? Is there something special about this one? It doesn't look to be unused since it looks like there's some gunk on the bracelet. __________________ Things are more like they are now than they ever were before.

15 May 2014, 02:20 AM	#11
BNA/LION 2024 SubLV41 Pledge Member Join Date: May 2011 Real Name: Larry Location: San Diego, CA Watch: ROLEX Posts: 25,654	More than I would pay for it. Maybe the bidders got caught up in a little bidding war... __________________ ✦ 28238 President DD 18K/YG ✦ 16610LN SS Sub ✦ 16613 18K/SS Serti ✦ 16550 Exp II Non-Rail Cream Dial ✦ Daytona C 116500 ✦ 126710 BLRO GMT-Master II ✦ NEXT-->? ⛳ Hole In One! 10/3/19 DMCC 5th hole, par 3, 168 yards w/ 4-Iron.

15 May 2014, 02:34 AM	#13
lobsterlee "TRF" Member Join Date: May 2009 Location: england Watch: GMT Master 16700 Posts: 37	WOW... I got my 1999 'A' serial 16700 back from Rolex after a full service a few weeks ago. It's not been worn since. I have all papers and original box etc. Is anyone willing to accept my swap request for the new Ceramic WG? Attached Images

15 May 2014, 01:07 AM	#2
Cru Jones 2024 SubLV41 Pledge Member Join Date: Mar 2010 Location: Paris, France Posts: 35,300	i saw that and was astounded....must have been two people who knew each other trying to one up the other?

15 May 2014, 01:09 AM	#3
Broker Boy "TRF" Member Join Date: Sep 2010 Real Name: Marcus Location: Texas Gulf Coast Watch: 116610 Posts: 248	I've been looking for a GMT Master II lately and prices are really high. I've not seen the GMT go for more than a similar condition/year Sub, but it's happening now.

15 May 2014, 01:35 AM	#8
RolexJNJ "TRF" Member Join Date: Jan 2010 Real Name: Joe Location: Chicago Posts: 5,036	Wow! Of course that final sales price includes buyer's premium, which I believe is 25%? Still though, this could be an example of the BLRO inflating prices or just auction fever! That's the beauty of auctions, you never know what's going to happen!

15 May 2014, 02:05 AM	#10
tkerrmd "TRF" Member Join Date: Apr 2008 Real Name: Tom Location: In a race car! Watch: ME RACE PORSCHES Posts: 24,123	Yeah that was crazy!

15 May 2014, 02:24 AM	#12
Randy "TRF" Member Join Date: Apr 2007 Real Name: Randy Location: Ohio Watch: AP, Rolex, Panerai Posts: 1,241	There not going to go down in price that's for sure!! I sold a BNIB Z serial for 9500.00.

15 May 2014, 02:41 AM	#14
hbk75 Banned Join Date: Nov 2006 Location: Taiwan Posts: 705	should i keep my 16710 coke?

15 May 2014, 02:51 AM	#15
SeaAndSky "TRF" Member Join Date: Dec 2013 Location: Wild Blue Yonder Watch: 116710 LN Posts: 1,613	I would never pay that for a run of the mill stainless steel vintage gmt. A fool and his money are soon parted.

15 May 2014, 02:54 AM	#16
andpassport "TRF" Member Join Date: May 2008 Location: ca Posts: 220	I have 2 , never worn with stickers and papers. Counting on continued appreciation.

15 May 2014, 03:30 AM	#17
Casey VP-26 "TRF" Member Join Date: Jun 2009 Location: America Posts: 2,721	Thanks for the link.

15 May 2014, 05:25 AM	#18
ronricks 2024 Pledge Member Join Date: Jun 2013 Location: ATL Watch: 126610LV Posts: 2,752	noticed lately that all gmt's are almost rising in cost........

15 May 2014, 05:35 AM	#19
ltmgeller 2024 SubLV41 Pledge Member Join Date: Aug 2012 Real Name: Mike Location: New York Watch: Rolex Posts: 22,580	Wow. $12,500 all said and done is a lot. I have 16700 Pepsi id swap for a ceramic tt gmt. Any takers?

15 May 2014, 05:50 AM	#21
MATCH1969 "TRF" Member Join Date: Nov 2012 Location: PARIS Watch: Vintage Posts: 2,761	Some GMT are more difficult to find in perfect conditions. 16760 for example was produced for only 5 years and not as easy to find as 16710

15 May 2014, 05:56 AM	#23
Lion "TRF" Member Join Date: Jan 2009 Real Name: Leo Location: Midwest Watch: GMT-II 16710 PEPSI Posts: 21,461	The Rolex GMT is my favorite watch so I like to see others buying and appreciating a fine Swiss timepiece!!! __________________ SS GMT-II 16710 PEPSI(Z-serial#) THE ONLY DIFFERENCE BETWEEN MEN AND BOYS IS THE PRICE OF THE TOYS!!! MontBlanc Meisterstuck Doue Silver Barley MontBlanc Meisterstuck Solitaire Doue Signum Proud Card Carrying Member of the Curmudgeons.....Yikes!!!

15 May 2014, 06:52 AM	#25
Racerdj 2024 Pledge Member Join Date: Apr 2013 Location: Indianapolis Watch: Patek-Philippe Posts: 16,832	Impressive! __________________ Rolex and Patek Philippe

15 May 2014, 06:57 AM	#26
capote "TRF" Member Join Date: Oct 2010 Real Name: Daniel Location: Sweden Watch: 16570 Posts: 7,315	Maybe they thought they were bidding on the internet hype 3186 16710 "error dial" The 16700 had a really long production run and can't be thought of as rare. There are 114 of them at chrono24 right now. I guess it was two guys that didn't know when to stop bidding, I really don't think the new WG GMT-c has anything to do with this anomaly.

15 May 2014, 07:06 AM	#28
Frosty 2024 SubLV41 Pledge Member Join Date: May 2009 Real Name: Larry Location: So Cal Watch: Rolex GMT 1675 Posts: 5,087	Wow! That is what I have on my wrist today with a Coke Insert.

15 May 2014, 08:27 AM	#29
Darlinboy 2024 SubLV41 Pledge Member Join Date: Apr 2011 Real Name: DB Location: :noitacoL Watch: :hctaW Posts: 6,703	Bidder forgot about the buyer's premium. __________________ Lorem ipsum dolor sit amet, consectetur adipiscing elit.

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