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Thread: Rolex GMT II dilemma

  1. #1
    Master raysablade's Avatar
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    Rolex GMT II dilemma

    I've had my 16710 GMT II for the best part of 20 years. In that time it has been easily my most worn watch. We've been aboard together too many times to count and I've loved it as a tool as well as great design. I'd always assumed that I'd enjoy it until the day I died.

    Since it came back from it's Rolex service in February last year I've not worn it at all. I know these are unusual times but, I've still worn my Explorer most days and I'm wondering if this might be an early sign of the time to let the GMT II go?

    At the back of my mind is the fact that a couple of people approached me in the year before last asking me to confirm what they thought it was and saying how much they liked it. One was a waiter in a restaurant the other was walking past me in the street. I'm nearing 60 and I'm guessing that the implications of having something so noticeable and clearly valuable on display on my wrist might be part of my reluctance to wear it.

    Anyone else having had this sort of problem with a loved watch, and solved it without selling it? When I bought it it was nice but not especially valuable, I'd hate to think of it sitting at home in its box when I next go abroad.

    Please don't take this as an invitation to make offers for it, I'm a long way from a decision on its future. That said the 2 year service warranty has just under a year to run, I'm guessing that a current warranty would enhance its value if I did sell and thus puts some time pressure on me?
    Last edited by raysablade; 11th March 2021 at 21:47.

  2. #2
    Craftsman
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    My boss

    Similar story bought his 2000 new and now canít wear it because heís afraid what grief he will get as itís worth so much more than what he paid.

  3. #3
    Master jukeboxs's Avatar
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    Quote Originally Posted by raysablade View Post
    I've had my 16710 GMT II for the best part of 20 years. In that time it has been easily my most worn watch. We've been aboard together too many times to count and I've loved it as a tool as well as great design. I'd always assumed that I'd enjoy it until the day I died.
    I see no reason for that to change due to a service and you being 1 year older (it's not like the value has jumped in the past year). But, if for some reason you feel you can no longer wear it, then no reason to keep it imho unless as an investment or heirloom.

    Quote Originally Posted by raysablade View Post
    Since it came back from it's Rolex service in February last year I've not worn it at all. I know these are unusual times but, I've still worn my Explorer most days and I'm wondering if this might be an early sign of the time to let the GMT II go?
    Only you know the answer to that.

    Quote Originally Posted by raysablade View Post
    Anyone else having had this sort of problem with a loved watch, and solved it without selling it?
    No, I have no problem wearing expensive watches on my wrist (even ridiculously-in-demand Pateks). But, then, I don't hang around dodgy areas like London, I'm mainly around central Scotland.

    Quote Originally Posted by raysablade View Post
    That said the 2 year service warranty has just under a year to run, I'm guessing that a current warranty would enhance its value if I did sell and thus puts some time pressure on me?
    Yes, seems obvious.

  4. #4
    Master M1011's Avatar
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    Personally I wouldn't sell it unless you particularly need the cash. I understand why you'd be uncomfortable wearing it day-to-day around town, but I'm sure there will be occasions (once we're out of lockdown!) to wear it. Put simply, you can't buy back 20 years of memories/attachment/experiences with that watch. I'm personally starting to think that sort of thing matters a lot more.

  5. #5
    I'll sell it if you have no more emotional attachment with the watch, meaning that you just put it on and see if you'll wear it for more than a day or so, if not, just let it go.

    You just reminded me I might need to make plan for the rest of my few dozen cheap watches when I'm not around one day....

  6. #6
    Craftsman
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    Do you have a son/daughter you could give it to, to wear?

  7. #7
    This is very much the downside of the rapid growth of preowned Rolex prices in the last few years. For people who just want a reliable good quality "tool" watch this value appreciation is not always good news.

    Not sure which bezel you have on your GMT, but the black bezel insert is the most low-key so might be an idea to switch if you have the red/black or blue/red insert currently on the watch. The same rationale applies to the jubilee versus the oyster bracelet. You could just put it away in the safe and forget about it for a few years and hope the "bubble" will burst leading to a drop in prices, or you could decide to turn a negative into a positive and sell the watch and pocket a tidy profit. I can't help but think that, regardless of the perceived risks, if you really liked the GMT you would be wearing it......but you are wearing your Explorer instead.....maybe that tells you all you need to know. Good luck with whatever you decide.

  8. #8
    Master raysablade's Avatar
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    Thanks all. I think the problem I have is that it is a tool watch that comes into its own when I travel. I love it as such. If I feel uncomfortable using it as intended it would actually make me sad to leave it at home.

    I donít need the money but I guess the children might have an attachment to it. Iíll give them the choice.

    If the Explorer ever gets much past being worth £5,000, I really will be stuck.

  9. #9
    I doubt you will find an Explorer for sale for anything much less than £5,500.....dealers are now routinely asking £6,500-7,500. They have surged in price over the last 12 months.
    Last edited by Woody74; 12th March 2021 at 19:11.

  10. #10
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    I was sorry to read about this -I can relate to an extent. I have a nine year old Submariner that is getting on for silly money versus what I paid. It makes me feel uncomfortable at times to wear it knowing itís value today. I donít think Iím ready to move away from that sort of watch, but certainly I understand the feeling.

    My first thought I think someone else has mentioned - giving it to one of your children would keep it in your family and keep it gathering memories but perhaps find it on the wrist of someone more comfortable with it.

    Iíd be interested where your thoughts lead you.

  11. #11
    Master raysablade's Avatar
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    Smile

    Quote Originally Posted by Woody74 View Post
    I doubt you will find an Explorer for sale for anything much less than £5,500.....dealers are now routinely asking £6,500-7,500. They have surged in price over the last 12 months.
    I'm reasonably confident and surprised that mine will be towards the top of the scale as I'm the first owner so it is a full set. That said I can't see it ever attracting attention like the GMT does; If I'm mugged it will be by a WIS and that will ease the pain


    Quote Originally Posted by PSTW View Post
    I was sorry to read about this -I can relate to an extent. I have a nine year old Submariner that is getting on for silly money versus what I paid. It makes me feel uncomfortable at times to wear it knowing itís value today. I donít think Iím ready to move away from that sort of watch, but certainly I understand the feeling.

    My first thought I think someone else has mentioned - giving it to one of your children would keep it in your family and keep it gathering memories but perhaps find it on the wrist of someone more comfortable with it.

    Iíd be interested where your thoughts lead you.
    I spoke to my son about it this evening and he's quite happy with the Smiths PRS 29a I got him for his 21st. He likes the GMT but wouldn't want the responsibility of looking after and potentially losing a £10K watch.

    My Explorer is due a service, so my plan is to take it in after lockdown then wear the GMT for a couple of months in the place it now occupies. I'll decide on a course of action when the Explorer returns from its service. My AD has mentioned before that if I think of selling my GMT he'd be interested. I'm interested to see what he offers for it:)

  12. #12
    Master davidj54's Avatar
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    My mate has a 116613LN (Iím rubbish with ref numbers, itís a steel and gold black dial sub). He was nearly mugged for it in Rome a couple of years ago by two blokes, luckily him and his mate managed to fend them off but it was clearly his watch they were after. He travels a lot so bought a BB58 as a cheaper, less blingy alternative and hasnít had any bother since.

    If you love the watch I wouldnít sell it out of concern, just have something a bit less desirable to wear when youíre going places where it might draw the wrong kind of attention.

  13. #13
    Master M1011's Avatar
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    Throwing it out there now, I bet if you do sell it you'll regret it soon after. And I don't mean because it's because it's a Rolex (investment blah blah).

  14. #14
    Don't be silly, get it back on your wrist and enjoy it! I have a GMT II too, and it is in the UK at the moment, and miss it dearly.

    Quote Originally Posted by raysablade View Post
    I've had my 16710 GMT II for the best part of 20 years. In that time it has been easily my most worn watch. We've been aboard together too many times to count and I've loved it as a tool as well as great design. I'd always assumed that I'd enjoy it until the day I died.

    Since it came back from it's Rolex service in February last year I've not worn it at all. I know these are unusual times but, I've still worn my Explorer most days and I'm wondering if this might be an early sign of the time to let the GMT II go?

    At the back of my mind is the fact that a couple of people approached me in the year before last asking me to confirm what they thought it was and saying how much they liked it. One was a waiter in a restaurant the other was walking past me in the street. I'm nearing 60 and I'm guessing that the implications of having something so noticeable and clearly valuable on display on my wrist might be part of my reluctance to wear it.

    Anyone else having had this sort of problem with a loved watch, and solved it without selling it? When I bought it it was nice but not especially valuable, I'd hate to think of it sitting at home in its box when I next go abroad.

    Please don't take this as an invitation to make offers for it, I'm a long way from a decision on its future. That said the 2 year service warranty has just under a year to run, I'm guessing that a current warranty would enhance its value if I did sell and thus puts some time pressure on me?

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