The Rolex GMT-Master II is a legendary watch, synonymous with aviation, adventure, and unparalleled horological craftsmanship. Its instantly recognizable bezel, sophisticated functionality, and robust construction have solidified its place as a collector's dream and a highly sought-after timepiece. This article focuses specifically on the pricing of a 2006 Rolex GMT-Master II, using a specific example to illustrate the factors influencing its value, while exploring the broader market for various GMT-Master II models, including the 16710 and 16713.
Our starting point is a listed 2006 Rolex GMT-Master II Pepsi, reference number 16710, with a D-serial number, described as having a "no holes" case, a 40mm diameter, and listed at £8,940. This price, while a starting point, isn't necessarily indicative of the absolute market value. Several factors significantly impact the price of a pre-owned Rolex, and understanding these is crucial for both buyers and sellers.
Factors Influencing the Price of a 2006 Rolex GMT-Master II (16710):
* Condition: The listing mentions "Good" condition. This is a subjective term, and a detailed assessment is necessary. Minor scratches on the case and bracelet are expected on a 17-year-old watch, but significant damage, dents, or issues with the movement will dramatically reduce the value. Authenticity is paramount; a watch with questionable provenance will be significantly less desirable. Professional servicing history, documented by Rolex or a reputable watchmaker, adds considerable value.
* Reference Number (16710): The 16710 is a highly sought-after reference, particularly the Pepsi bezel variant (red and blue). Its production ended in 2007, making it a discontinued model, further increasing its desirability among collectors. The "no holes" case, referring to the lack of drilled holes near the lugs, is a characteristic of earlier production years and is often preferred by purists.
* Serial Number (D-Series): The D-serial number places the watch's production within a specific timeframe (around 2006). While the serial number itself doesn't significantly affect price independently, it helps date the watch and allows for a more accurate assessment of its age and potential wear.
* Box and Papers: The presence of the original Rolex box and papers (warranty card, booklets, etc.) significantly increases the value. These documents provide proof of authenticity and provenance, adding a level of confidence for buyers. The absence of these can lower the price considerably.
* Market Demand: The Rolex GMT-Master II, and the 16710 in particular, consistently enjoys high demand. This demand fluctuates based on various market factors, including economic conditions, trends in luxury goods, and even social media influence. Increased demand naturally leads to higher prices.
* Location: The listing mentions the location as "United..." While this is incomplete, it's important to consider that regional variations in price can exist due to differences in taxes, currency exchange rates, and local market dynamics.
Comparison with other GMT-Master II Models:
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