The Rolex GMT-Master II, particularly the reference 16710 with its iconic "Pepsi" bezel (blue and red), holds a special place in the hearts of watch enthusiasts. Its history, functionality, and enduring design have solidified its position as a highly sought-after collectible, driving prices steadily upwards. This article explores the value of a mint-condition 2000 Rolex GMT-Master II 16710, considering various factors influencing its price and providing insights into the broader market for this coveted timepiece. We'll also examine related search terms like "Rolex GMT Master lowest price," "Rolex GMT Master II cost," "GMT Master II Rolex price," "Rolex GMT Master price list," "Rolex GMT Master price guide," "Rolex GMT Master cost," "Rolex GMT Master watch price," and "Rolex GMT Master II used" to paint a comprehensive picture of the current market landscape.
The Example: A Chrono24 Listing
Our starting point is a specific listing found on Chrono24: a mint-condition 2000 Rolex GMT-Master II 16710 Pepsi, offered for $10,992 plus $129 for shipping. This listing serves as a valuable benchmark, but it’s crucial to understand that the price of a pre-owned Rolex, especially a highly desirable model like the 16710 Pepsi, is influenced by numerous factors beyond simply the year of manufacture.
Factors Influencing the Value of a 2000 Rolex GMT-Master II 16710
Several key factors determine the price of a pre-owned Rolex GMT-Master II 16710, particularly one from the year 2000. These include:
* Condition: The condition of the watch is paramount. A "mint" condition watch, as described in our example, implies virtually flawless aesthetics and perfect mechanical functionality. Any signs of wear, scratches, dents, or imperfections will significantly impact the value. The presence of the original box and papers (the "black watch box" mentioned in the listing) further enhances the value. A complete set is highly desirable.
* Authenticity: The authenticity of the watch is non-negotiable. Buying from reputable dealers like those verified on Chrono24 significantly mitigates the risk of purchasing a counterfeit. However, due diligence is always recommended. Inspecting the watch closely for hallmarks, engravings, and the overall build quality is crucial.
* Market Demand: The Rolex GMT-Master II 16710 Pepsi has experienced a surge in popularity in recent years, significantly increasing its value. This increased demand is driven by a combination of factors, including its iconic design, its association with aviation history, and its limited availability as Rolex has discontinued the model. This sustained high demand drives prices upwards.
* Box and Papers: As mentioned earlier, the inclusion of the original box and papers (certificate of authenticity) dramatically increases the value of the watch. A complete set commands a premium compared to a watch sold without these accessories.
* Service History: A documented service history from an authorized Rolex service center adds considerable value. It demonstrates that the watch has been properly maintained and is in optimal working condition.
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