Advice wanted on purchase of 16710 GMT

[Geo444]

I currently have only a two watch Rolex collection. I am considering adding a third which would be a 5 digit GMT master with coke bezel. Currently prices are in the 9 thousand dollar range. I would also like to add a speed master moon watch to the collection. Having a explorer II and a submariner already I am not in a huge rush to buy the GMT. With Rolex prices and demand near peak would it make more sense to pull the trigger on the speed master and look for a GMT at a later date after the Rolex market cools down a bit. Or are the earlier GMT's destined to continue to appreciate. I know no one has a crystal ball but any advice would be welcomed and appreciated.

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[dbfagan]

I would expect the 5 digit GMT’s to continue to appreciate. You can still get a full set in mint condition in the 10k range. A guy named “springer” who hangs out on the vintage forum is a pretty good starting point for info.

The new Speedmaster Professionals (classic moon watch) seem to be stuck in the 3-4K range. The tritium versions from the late 90’s are starting to appreciate past that though.

Good luck with your search!
David

[ltmgeller]

I don't think the 5 digit GMT price will go down at all. The longer you wait, the more you will spend.

[Floorguy]

Bought my 16710 3 years ago from John (Springer), And prices are still climbing depending on condition! John knows his stuff, and is a great guy to deal with!! There are also others with nice sets out there with great reputations!!

[Onequik135i]

I would purchase now instead of waiting, good target price for complete set under $10k would be good. GL on your search.

[The Libertine]

Price on the 5-digit GMT will only continue to increase over time. While there may be periods where the price decreases by a few hundred dollars (condition dependent, motivation of seller, etc.), if you’re expecting a decrease of a few thousand dollars - dream on.

My advice: if you find a model that meets all your criteria is to buy it.

[DoctorA]

I was looking for a 16710 about a year ago and it ranged from $6k to $7 k
Now they’re going for a crazy $10k+!!
I preferred to go with the new Pepsi instead for less money, full 5 year warranty, jubilee, and new movement.
I still admire the 5 digit but not worth the premium for me!

[harvey]

If you think $10k is a lot now, wait till next year...I’ve never seen the prices fall.


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[Geo444]

Thank you everyone for your thoughts. It does not seem like earlier GMT prices are going to cool off any time soon. I will begin my search after the holidays.

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