The Rolex GMT-Master II reference 16718, a watch that whispers luxury and embodies a rich history, holds a special place in the hearts of collectors. While no longer in production, its legacy continues to resonate, driving strong demand and commanding substantial prices on the pre-owned market. This article will explore the intricacies of the Rolex 16718, its place within the GMT-Master lineage, and its current market value, comparing it to related models and addressing the broader context of the sought-after GMT-Master collection.
The Rolex 16718, with its 18k yellow gold construction and the instantly recognizable GMT-Master functionality, represents the pinnacle of luxury sports watches. Its discontinued status further enhances its allure, making it a highly desirable piece for seasoned collectors and aspiring enthusiasts alike. Currently trading at an average price of $32,194 on the pre-owned market, this figure reflects the watch's desirability and enduring appeal. It's crucial to note that purchasing from a secondary market dealer will typically add a premium of around 7%, bringing the total cost closer to $34,400. This price premium accounts for the dealer's overhead, authentication process, and warranty (if offered). The price fluctuation within the pre-owned market is influenced by factors such as condition, box and papers (original packaging and documentation), and the specific dealer.
The substantial cost of the Rolex 16718 underscores the high demand for this discontinued model. Its rarity, coupled with Rolex's reputation for exceptional quality and craftsmanship, contributes significantly to its value. The allure of owning a piece of horological history, a watch that is no longer produced, is a powerful motivator for collectors. This scarcity, combined with the inherent value of 18k gold, pushes the price significantly higher than many of its steel counterparts.
Before delving further into the specifics of the 16718, it's beneficial to contextualize its place within the broader Rolex GMT-Master family. The GMT-Master line, known for its iconic bidirectional rotating bezel and its ability to display two time zones simultaneously, has a rich history dating back to the 1950s. The various iterations of the GMT-Master, each with its unique features and design elements, have captivated watch enthusiasts for generations. Understanding this lineage helps to appreciate the significance and value of the 16718.
Let's compare the 16718 to some of its relatives, specifically focusing on the steel models often cited alongside it:
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