The Rolex GMT-Master, a watch synonymous with aviation and global travel, has captivated collectors and enthusiasts for decades. Its iconic design, robust construction, and rich history have cemented its place as one of the most sought-after timepieces in the world. This article will delve into the specifics of a 1989 Rolex GMT-Master, exploring its significance within the broader context of the GMT-Master lineage, examining its current market value, and discussing factors that influence its price. We will also explore related models and delve into the world of vintage and pre-owned Rolex GMT-Masters.
The 1989 Rolex GMT-Master Reference 16700: A Detailed Look
The listing mentioned – a 1989 Rolex GMT-Master with a reference number 16700, priced at $13,264 – represents a compelling example of this iconic watch. The reference 16700, produced from 1988 to 1999, marked a significant evolution in the GMT-Master line. It featured a slightly larger case than its predecessors, measuring 40mm in diameter, a size that has become increasingly popular over the years. This particular model, described as being in "good" condition and including its original box and papers (a "full set"), commands a premium in the market. The presence of the original box and papers significantly increases its value, as it provides provenance and authenticity, reassuring potential buyers of its legitimacy.
The movement within the 16700 is the caliber 3085, a robust and reliable automatic movement known for its accuracy and longevity. Rolex’s commitment to precision and durability is evident in this movement, a hallmark of the brand's reputation for creating exceptional timepieces. The "good" condition mentioned in the listing suggests that the watch may exhibit some signs of wear consistent with its age, but it is likely still in excellent working order. The specific level of wear would need to be assessed through a detailed inspection.
Market Value and Factors Affecting Price
The $13,264 price point for this 1989 GMT-Master 16700 is in line with current market values for similar examples. However, several factors can significantly influence the price of a pre-owned Rolex GMT-Master:
* Condition: The overall condition of the watch is paramount. A watch in pristine, unpolished condition with minimal wear will command a higher price than one showing significant signs of use or previous polishing. Scratches, dents, and the condition of the bezel insert all contribute to the final valuation.
* Completeness: As mentioned earlier, the inclusion of the original box and papers ("full set") significantly increases value. These documents provide verifiable proof of authenticity and add to the overall desirability of the watch.
* Service History: A documented service history from an authorized Rolex service center is highly desirable. This demonstrates that the watch has been properly maintained and increases buyer confidence in its functionality and longevity.
* Market Demand: The popularity of certain Rolex models, including specific GMT-Master references and color combinations (like the "Pepsi" bezel), fluctuates over time. High demand naturally leads to higher prices.
* Bezel Insert: The condition and color of the bezel insert are crucial. Faded or damaged inserts significantly reduce value, while vibrant, original inserts contribute to higher prices.
Exploring Related Rolex GMT-Master Models
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