Hey guys,
A chap I used to work for has a 16700 he's looking to sell, he's got some offers from jewellers but I don't feel like they are giving him a particularly good price. I'm not overly knowledgeable on Rolex, especially when it comes to people talking about bracelet codes, end links etc. It's essentially a 1996 (T serial) 16700 on the Jubilee bracelet, it's been serviced twice via RSC and he has said to me that the hands, dial, bracelet are all original and on the last service he instructed them to not touch it as far as refinishing goes. It has a service bezel but does come with the original faded one too. It has the full box and papers, receipts, swing tag, spare links.
I couldn't find anywhere if this was against the rules or anything, this isn't intended to be a stealth sales post but I understand if it's seen like that and apologise in advance!
Thanks for any help
Elliott
Yeah a good 8k
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Trades at just over £8k, retails another £1.5k+ or so.
There’s a few of them, full set, from watch dealers for 8-9k...hence dealers will pay 7k, fair price private trade would be 7.5-8k
Last edited by ac11111; 20th October 2019 at 16:58.
^^^nah, too cheap.
Thanks for all the input, I guess it depends if you trust Chrono 24 overseas sellers as opposed to a face to face deal, appreciate the range of numbers though, thanks!
My friend, I was offered a unpolished box and papers for 7.8k on tz U.K. whilst a loose watch I was offered at 6.5k. Perhaps your valuation needs recalibration, my friend
And we all know the 16700 was just a cheaper inferior version of 16710, given both were in production and sale at the same time.
Last edited by ac11111; 30th October 2019 at 23:38.
And you have just reconfirmed that my valuation of £8k is about right, I don’t really understand what point you are arguing, I was a couple of hundred quids below your valuation? No need to get so hot and bothered about that...
PS, I have a WTB for ANY Rolex GMT Master I or II, I’m just pointing out that the 16700 is my least preferred, but it is still a nice watch. I am able to buy a watch and criticise it, as there isn’t a perfect watch. Just because I didn’t make an offer for your reply on WTB, you got irritated? You didn’t exactly sell it on the reply on the thread of the my WTB “it’s not going to be cheap”, i thought that meant you wanted silly money. I don’t expect it to be cheap and you wouldn’t sell it on the cheap either, but you didn’t bother to private message me with your actual asking price, if you said £8k I maybhave been interested. In fact I had made an offer of £8.5k for a Elliot friend’s watch because it was really nice and had the jubilee bracelet which I prefer) Elliot’s seller had a change of heart and was not selling at any price, your one seemed fairly equivalent but no, you decided to lob it to the trade for £8k and revive this thread for some reason?!
Last edited by ac11111; 31st October 2019 at 00:47.
Another that's gone to trade and not sold here, WTH
Since Skyman’s sold it I don’t think it was the one you are after as the hands were quite a markedly different shade to the indices (lovely watch though)however at a good price you could have sourced Trit hands but there is the hassle factor of that.
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Just to clarify. Sold to a mate in the trade, who is also a TZ’er.
I was offered this 1999 GMT Master today,offered at £9500!,but open to offers.
And Just found this post after trying to get more info about the GMT 16700 and where it came in the sequence of the Rolex GMTs plus prices,which Im now aware off.
It has a Rolex box,whether the correct box I dont know,but does have the papers,My feeling is its sitting at the very top table re its price?,the seller did say make an offer,now during my search,it seems I had one back in 2015 and sold it for 3k!,maybe should have kept it....oh well I didnt.
So Im asking those knowledgable in all GMTs,what would be a fair offer,Ive yet to see the watch in the metal,but have seen pics and chatted with the owner,its a nice un.
Thanks for any opinions....
Last edited by P9CLY; 24th June 2020 at 00:29.
I dont see the ding you mention!,And wouldn't or shouldn't we expect a 21 year old watch to show its 21 years of wear.....and so shoulders would be worn by default...
A watch this old can't remain new!,do some expect that to be so,look at some of the vintage Subs,people go crazy over the so called "patina!".
I know Im a lot less critical when it comes to "used" watches,I expect and understand the previous owners may have added some "patina" to try increase the watches value!.
Ill go and compare like for like GMTs of the same age for comparison now.
Last edited by P9CLY; 24th June 2020 at 09:35.
Last edited by P9CLY; 24th June 2020 at 12:17.
The 16700 is an underrated model in my opinion and I find the quickset date more useful than the extra timezone of the 16710 and the printing on the dial looks better to me too.
Pricing for these seems quite varied as does the condition of the watches on offer. It's hard to say from one pic but I don't think I'd be rushing to pick this up at £9500 or £7500 - even at the lower of those two price points there are better examples available.
Like you say, no rush - take your time and find a good one at the right price point too.
Good luck with the search, I'm sure you'll find a good one - keep us posted on how you get on.
Whoever does not know how to hit the nail on the head should be asked not to hit it at all.
Friedrich Nietzsche
I know, but setting it is a faff. Turning a bezel is much easier. The GMT 2 doesn’t work in India either because it’s GMT +5.30 hours.
Regarding rarity the 16700 was made in few numbers and for a shorter period. Production Of the 16700 ended in 1999 and the 16710 in 2007! It wasn’t very popular with new buyers because the price difference wasn’t that great, which is why Rolex dropped it earlier than the 16710.
The reason for the bezel difference was because they were different models. Pepsi because it had the same functionality as the 16750/1675 and coke on 16710 because it had the same functionality as the 16760. Just check the Rolex Sales Catalogues. Yes I accept you can find Pepsi inserts on 16760/16710, but these might have been special order or later replacements - because Pepsi is nicer (hence the re-release).
Whoever does not know how to hit the nail on the head should be asked not to hit it at all.
Friedrich Nietzsche
Can also turn the bezel on the gmt master ii, the difference is quick hour hand adjust vs quick set date, additional coke bezel option, same case, same dial, same bracelet.
Gmt 2 gives the options of tracking another timezone without turning the bezel where as gmt 1 is quick set date so more convenient for those that rotate watches. At end of the day it’s preferences, statistically 16700 you are right, fewer of them around so I guess it makes it them a bit more rare. Prices on these seem about the same.
Imo both 16700 and the 16710 are great .
I think with five-digit GMTs it is a more of question of tritium vs luminova, SEL vs non-sel, pepsi vs coke, jubilee vs oyster and thickness.
I think it’s quite difficult to make such a strong assertion as it is inferior. Having had both my preference has always leant towards the 16700, primarily as I find it easier to use - setting the GMT via the bezel and the quick set date are actual benefits for me despite the technological innovations of the 16710. In the long term I also see the 16700 as being the more collectible, with a far shorter production run and being the last incarnation baring the dna of the original 6542. At the moment they’re floating around the same price point but I not sure that will last.
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Congrats on the purchase P9CLY!
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Excellent choice. I got a one previous owner 16700 Pepsi (on an Oyster) which has been serviced a couple of years earlier by RSA and never worn. The fact that it was from a good friend of mine was a big of a bonus.
it made a perfect addition to my 16753, 16750 and my two 16550 😀 I do like my GMTs.
Whoever does not know how to hit the nail on the head should be asked not to hit it at all.
Friedrich Nietzsche