The Rolex GMT-Master II, a watch synonymous with luxury, travel, and enduring style, has consistently held a prestigious position in the horological world. Understanding its pricing dynamics, particularly in 2019, requires examining various factors, including retail prices, secondary market values, specific model variations (like the 116719BLRO), and the historical trends that shaped its worth. This article will delve into these aspects, providing a comprehensive overview of the Rolex GMT-Master II price landscape in 2019 and beyond.
Retail Price in 2019:
In 2019, the retail price of a Rolex GMT-Master II varied significantly depending on the specific model and material. Rolex maintains a relatively controlled retail pricing structure, but authorized dealers (ADs) often had waiting lists, influencing the effective price for consumers. While official prices were publicly available through Rolex boutiques and authorized dealers, obtaining a watch at the MSRP was far from guaranteed.
The most sought-after models, such as the GMT-Master II Pepsi (with its red and blue bezel) and the Batman (with its blue and black bezel), commanded substantial premiums on the grey market, even exceeding the official retail price considerably. These premiums were driven by high demand and limited supply. Models made from precious metals, like the 116719BLRO (platinum with a blue bezel), naturally held significantly higher retail prices than stainless steel versions. It's important to note that the platinum model, a limited-edition piece, occupied a different pricing tier entirely.
Market Price in 2019:
The secondary market, encompassing pre-owned watch dealers and online platforms, offered a fluctuating and often higher price compared to the official retail price. The market price in 2019 reflected several factors:
* Demand: The overwhelming popularity of the GMT-Master II, especially specific color combinations, fuelled high demand. Collectors and enthusiasts were willing to pay premiums to obtain a watch immediately, rather than wait years for an AD allocation.
* Supply: Rolex's controlled production and limited availability further contributed to the high market prices. The scarcity of certain models, especially those with popular bezel colors, created a seller's market.
* Condition: The condition of the pre-owned watch played a crucial role in determining its market value. Excellent condition watches with complete boxes and papers commanded higher prices than those showing signs of wear or lacking documentation.
* Model Variations: The specific model, including the material (stainless steel, gold, platinum), bezel color (Pepsi, Batman, Coke), and reference number, significantly impacted its value. The 116719BLRO, for instance, held a significantly higher market value due to its rarity and precious metal construction.
Rolex GMT-Master II 116719BLRO (Platinum) in 2019:
The Rolex GMT-Master II 116719BLRO, a platinum model with a blue bezel, stands out as a particularly compelling example. Its limited production numbers and use of platinum made it exceptionally desirable, resulting in a substantial premium both at retail and on the secondary market in 2019. Even compared to other GMT-Master II models, the 116719BLRO commanded a much higher price, reflecting its exclusivity and collectability. Finding one at or near the MSRP in 2019 was exceptionally difficult.
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