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pl2se · 9 June 2017, 03:57 PM

Dear all...
Since your are all very knowable people, and I´m a bit to spontaneous, I would like your help to either calm myself or simply to try to save eventually losses. Yesterday I got "feeling" and bought a complete set 16700 from 1990 for 7000USD. The impression I got from the lot was that the watch was in god standing (not over polished if polished at all). But did I overpay?

zaratewl · 9 June 2017, 04:15 PM

I'd lean towards yes, slightly. I say that because of what looks like a dent outside of normal wear and tear on the bezel at the 14 and the lack of a crown gasket that would suggest it probably needs a full servicing.

That's just me, I'm an amateur at best.

Sent from my SHIELD Tablet K1 using Tapatalk

pl2se · 9 June 2017, 04:21 PM

Quote:

Originally Posted by zaratewl

I'd lean towards yes, slightly. I say that because of what looks like a dent outside of normal wear and tear on the bezel at the 14 and the lack of a crown gasket that would suggest it probably needs a full servicing.

That's just me, I'm an amateur at best.

Sent from my SHIELD Tablet K1 using Tapatalk

Thanks,
I can see some wear on the bezel, but around 12, I think. Please point me to the dent you mentioned. I noticed that the outside of the crown looked a bit worn, but I could see that there was a gasket missing. Still got things to learn!
: )

padi56 · 9 June 2017, 04:38 PM

Quote:

Originally Posted by pl2se

Thanks,
I can see some wear on the bezel, but around 12, I think. Please point me to the dent you mentioned. I noticed that the outside of the crown looked a bit worn, but I could see that there was a gasket missing. Still got things to learn!
: )

How could you possibly see a gasket is missing its a twin lock crown the only gaskets are inside the watch and inside the crown head.Its only on the triplock crowns you can see a gasket when crown is unscrewed.And both crowns and crown tubes are just disposable service items that are often replaced a normal routine service.

pl2se · 9 June 2017, 04:45 PM

Quote:

Originally Posted by padi56

How could you possibly see a gasket is missing its a twin lock crown the only gaskets are inside the watch and inside the crown head.Its only on the triplock crowns you can see a gasket when crown is unscrewed.And both crowns and crown tubes are just disposable service items that are often replaced a normal routine service.

Thanks for the great pictures. I actually meant that I could NOT se that there was a gasket missing. (but being quite new with Rolex i need to be humble) I have a 1675 (twin lock) and a 16600 since previously and my guess was that regarding the gasket it´s positioned inside the crown itself.

Do you have any other thoughts?

Best Regards
/P

breitlings · 1 December 2017, 04:31 AM

Quote:

Originally Posted by zaratewl

I'd lean towards yes, slightly. I say that because of what looks like a dent outside of normal wear and tear on the bezel at the 14 and the lack of a crown gasket that would suggest it probably needs a full servicing.

That's just me, I'm an amateur at best.

Sent from my SHIELD Tablet K1 using Tapatalk

I don't think there is a crown gasket visible on this model... I have an extra black insert.

henrylee · 9 June 2017, 04:21 PM

I say average for a full set unpolished. Don't worry about it if you're happy!

TheVTCGuy · 9 June 2017, 04:45 PM

I am fairly worthless when it comes to knowledgeable pricing of used Rolexes, but i would say that is a nice looking set and a great watch. If you are happy, don't worry about it. After all, don't we always over-pay when we buy a Rolex anyway?

pl2se · 9 June 2017, 04:50 PM

Quote:

Originally Posted by TheVTCGuy

I am fairly worthless when it comes to knowledgeable pricing of used Rolexes, but i would say that is a nice looking set and a great watch. If you are happy, don't worry about it. After all, don't we always over-pay when we buy a Rolex anyway?

pl2se · 9 June 2017, 04:49 PM

A picture of the crown, which I think look a bit worn on the logo.

JohnAcosta · 10 June 2017, 08:23 AM

Quote:

Originally Posted by pl2se

A picture of the crown, which I think look a bit worn on the logo.

Either the bezel is bent/warped, or the insert is slightly out.

You might need a new bezel assembly.

sensui · 9 June 2017, 04:53 PM

I don't think you overpaid....piece looks sharp with wear and tear as expected of this age without major polish....about normal I'd say on this deal...you didn't steal it either. I say service it and enjoy.

karmatp · 9 June 2017, 11:07 PM

If I am paying $7000 for a watch, I am getting something new with all the improvements. You could have purchased a new 114060 and had $500 in your pocket. Either way, what's done is done. Enjoy it and it will be worth every penny you spent.

tkerrmd · 9 June 2017, 11:10 PM

Quote:

Originally Posted by karmatp

If I am paying $7000 for a watch, I am getting something new with all the improvements. You could have purchased a new 114060 and had $500 in your pocket. Either way, what's done is done. Enjoy it and it will be worth every penny you spent.

well this crossed my mind also!

joli160 · 9 June 2017, 11:25 PM

Usually the lug holes can be a give away if the watch was poorly polished or not. Sometimes these have become craters without sharp definition and not enough meat left to the edge of the lugs.
On your pics this cannot be seen. Crown guards look OK.
Since you asked to answer your question, yes you overpaid imho, it's not a very clean example in my book , which it should have been for that money.
Probably another 1K for a service will be required. 8K is top dollar.
If the current vintage hype lasts a while you'll get your money back in a few years. Just my 2c, far from being an expert.

jb335 · 14 June 2017, 08:14 AM

Quote:

Originally Posted by karmatp

If I am paying $7000 for a watch, I am getting something new with all the improvements. You could have purchased a new 114060 and had $500 in your pocket. Either way, what's done is done. Enjoy it and it will be worth every penny you spent.

Some people prefer older models to modern examples. Not exactly what he was asking.

OP, I think you paid a fair market price considering you have B+P. I certainly would not lose any sleep over the price you paid.

Boaters · 10 June 2017, 01:46 AM

For full set and the condition looks to be okay maybe a tad to much know big deal enjoy it

Sky21 · 10 June 2017, 01:56 AM

Check the resent sales on eBay and the recent sold listings on this forum for a complete set 16700. I think you'll find that you paid very close to everyone else recently. The watch has some issues, but if you want to flip it I think you'll have no trouble getting your money back.

997.2 · 10 June 2017, 04:30 AM

yeah you did overpay by about 1k, nice watch though.

mtgjr · 10 June 2017, 06:40 AM

Quote:

Originally Posted by 997.2

yeah you did overpay by about 1k, nice watch though.

Agreed. I would expect a discount for a) black insert (I know, easily swapped out for a Pepsi/Coke, but black ones still sell for less), b) age, c) 16700 vs 16710, and most importantly, d) condition. That bezel is pretty rough. The inside edge looks bent at the 10 and the 14, and possibly scuffed along the entire edge between those numbers.

Gtecko · 10 June 2017, 04:42 AM

@997.2 how can you say he overpaid 1K on this watch ... a full set for a gmt goes around what he paid, more or less, OP is on the high end of the spectrum for the price but it is a full set... good for you OP, nice watch !!

JohnAcosta · 10 June 2017, 05:17 AM

$7000 is a little higher than what I would pay for a 16700. I would expect that price for a 16710 in similar condition.

Also, I would personally send it in for a service of the movement and cleaning (not polishing). Inbetween the links and the space between the case/crystal and the bezel is looking dirty.

chows99 · 12 June 2017, 04:34 PM

Quote:

Originally Posted by JohnAcosta

$7000 is a little higher than what I would pay for a 16700. I would expect that price for a 16710 in similar condition.

Also, I would personally send it in for a service of the movement and cleaning (not polishing). Inbetween the links and the space between the case/crystal and the bezel is looking dirty.

I am not sure why you beieve 16710 fetch a higher value than 16700 which is the last of the true GMT Master and it have a quickeset date!

MCO1 · 10 June 2017, 06:50 AM

Great watch! I have seen them going for between 6k and 7k so you might be in a little steep but if you want it and will enjoy it then it only matters if you decide to sell it.

arguetaoscar · 10 June 2017, 08:14 AM

I was at Torneau today and had a 16700 for 8K... and I was wearing mine, you will love it get the Pepsi Bezel....

Sent from my iPhone using Tapatalk

cornerstore · 10 June 2017, 08:22 AM

Decent value going by today's prices for one on that bracelet. Nice set overall, enjoy it.

FTX I · 10 June 2017, 10:39 AM

Compared to trusted sellers you did ok. Enjoy your beautiful GMT.

iliketime · 10 June 2017, 10:50 AM

its a bit higher than Id be willing to pay for a 16700, but that seems to be where the market is these days.

dnpina · 10 June 2017, 11:40 AM

My Pepsi must be worth 12k then
Wow

JP Chestnut · 10 June 2017, 12:15 PM

The crown guards look fat, but the lugs don't look unpolished to me. Your pictures aren't good though. Get a shot of each chamfer up close if you want a better opinion. Also, get a shot of the clasp. I bet the coronet isn't very distinct.

9 June 2017, 03:57 PM	#1
pl2se "TRF" Member Join Date: Sep 2014 Real Name: Peter Location: Sweden Watch: SD126600 & 16600 Posts: 54	Rolex GMT 16700 - Hit or Miss? Dear all... Since your are all very knowable people, and I´m a bit to spontaneous, I would like your help to either calm myself or simply to try to save eventually losses. Yesterday I got "feeling" and bought a complete set 16700 from 1990 for 7000USD. The impression I got from the lot was that the watch was in god standing (not over polished if polished at all). But did I overpay? Attached Images

9 June 2017, 04:21 PM	#7
henrylee "TRF" Member Join Date: Jan 2011 Location: Socal/LA Watch: 116610LN Ceramic Posts: 3,226	I say average for a full set unpolished. Don't worry about it if you're happy! __________________ ♛ Sub 116610LN 2011 ♛ GMT 126710BLNR 2021 ♛ GMT 126711CHNR 2020 ♛ Datejust 16233 X-series 1993 Ω Speedmaster Mitsukoshi 2019 č Cartier Tank w5200025 2021

9 June 2017, 04:49 PM	#10
pl2se "TRF" Member Join Date: Sep 2014 Real Name: Peter Location: Sweden Watch: SD126600 & 16600 Posts: 54	A picture of the crown, which I think look a bit worn on the logo. Attached Images

9 June 2017, 11:07 PM	#13
karmatp "TRF" Member Join Date: Sep 2007 Real Name: Trevor Location: Arizona Posts: 5,740	If I am paying $7000 for a watch, I am getting something new with all the improvements. You could have purchased a new 114060 and had $500 in your pocket. Either way, what's done is done. Enjoy it and it will be worth every penny you spent. __________________ My grails:

9 June 2017, 11:25 PM	#15
joli160 2025 TitaniumYM Pledge Member Join Date: Apr 2013 Location: NL Watch: Yachtmaster Posts: 14,980	Usually the lug holes can be a give away if the watch was poorly polished or not. Sometimes these have become craters without sharp definition and not enough meat left to the edge of the lugs. On your pics this cannot be seen. Crown guards look OK. Since you asked to answer your question, yes you overpaid imho, it's not a very clean example in my book , which it should have been for that money. Probably another 1K for a service will be required. 8K is top dollar. If the current vintage hype lasts a while you'll get your money back in a few years. Just my 2c, far from being an expert. __________________ Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711.

9 June 2017, 04:15 PM	#2
zaratewl "TRF" Member Join Date: Jan 2017 Location: Monterey, CA Posts: 36	I'd lean towards yes, slightly. I say that because of what looks like a dent outside of normal wear and tear on the bezel at the 14 and the lack of a crown gasket that would suggest it probably needs a full servicing. That's just me, I'm an amateur at best. Sent from my SHIELD Tablet K1 using Tapatalk

9 June 2017, 04:45 PM	#8
TheVTCGuy Banned Join Date: Jul 2008 Real Name: Paul Location: San Diego Watch: 126619LB Posts: 21,539	I am fairly worthless when it comes to knowledgeable pricing of used Rolexes, but i would say that is a nice looking set and a great watch. If you are happy, don't worry about it. After all, don't we always over-pay when we buy a Rolex anyway?

9 June 2017, 04:53 PM	#12
sensui 2025 TitaniumYM Pledge Member Join Date: Jan 2016 Location: San Diego, CA Posts: 12,471	I don't think you overpaid....piece looks sharp with wear and tear as expected of this age without major polish....about normal I'd say on this deal...you didn't steal it either. I say service it and enjoy.

10 June 2017, 01:46 AM	#17
Boaters 2025 Pledge Member Join Date: May 2015 Real Name: Mike Location: Pacific Northwest Watch: 126710BLR 116610LV Posts: 10,664	For full set and the condition looks to be okay maybe a tad to much know big deal enjoy it

10 June 2017, 01:56 AM	#18
Sky21 "TRF" Member Join Date: Feb 2016 Location: USA Posts: 885	Check the resent sales on eBay and the recent sold listings on this forum for a complete set 16700. I think you'll find that you paid very close to everyone else recently. The watch has some issues, but if you want to flip it I think you'll have no trouble getting your money back.

10 June 2017, 04:30 AM	#19
997.2 Banned Join Date: Jul 2013 Real Name: Chaz Location: Cherry Hill, NJ Posts: 2,721	yeah you did overpay by about 1k, nice watch though.

10 June 2017, 04:42 AM	#21
Gtecko "TRF" Member Join Date: Apr 2017 Location: Halifax Posts: 518	@997.2 how can you say he overpaid 1K on this watch ... a full set for a gmt goes around what he paid, more or less, OP is on the high end of the spectrum for the price but it is a full set... good for you OP, nice watch !!

10 June 2017, 06:50 AM	#24
MCO1 "TRF" Member Join Date: Apr 2015 Location: Missouri USA Watch: Daytona C white Posts: 2,248	Great watch! I have seen them going for between 6k and 7k so you might be in a little steep but if you want it and will enjoy it then it only matters if you decide to sell it.

10 June 2017, 08:14 AM	#25
arguetaoscar "TRF" Member Join Date: Jun 2014 Posts: 2,335	I was at Torneau today and had a 16700 for 8K... and I was wearing mine, you will love it get the Pepsi Bezel.... Sent from my iPhone using Tapatalk

10 June 2017, 08:22 AM	#26
cornerstore "TRF" Member Join Date: Sep 2009 Location: Canada Posts: 4,016	Decent value going by today's prices for one on that bracelet. Nice set overall, enjoy it.

10 June 2017, 10:39 AM	#27
FTX I "TRF" Member Join Date: Feb 2013 Real Name: Flavio Location: N/A Posts: 14,654	Compared to trusted sellers you did ok. Enjoy your beautiful GMT.

10 June 2017, 10:50 AM	#28
iliketime "TRF" Member Join Date: Feb 2016 Real Name: Jack Location: NYC Watch: 16570, 16710 Posts: 1,535	its a bit higher than Id be willing to pay for a 16700, but that seems to be where the market is these days.

10 June 2017, 11:40 AM	#29
dnpina Banned Join Date: May 2009 Location: texas Watch: 126610 LV Posts: 1,529	My Pepsi must be worth 12k then Wow

10 June 2017, 12:15 PM	#30
JP Chestnut Banned Join Date: May 2012 Location: Ann Arbor MI Watch: Rolex Ref 16600 Posts: 3,908	The crown guards look fat, but the lugs don't look unpolished to me. Your pictures aren't good though. Get a shot of each chamfer up close if you want a better opinion. Also, get a shot of the clasp. I bet the coronet isn't very distinct.

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