The Rolex GMT-Master 16760, affectionately nicknamed the "Fat Lady" by collectors, holds a special place in the hearts of watch enthusiasts. Its distinctive features, robust build, and rich history have cemented its status as a highly sought-after collectible, driving its price significantly above its original retail value. Understanding the current market price of a Rolex 16760 requires examining several factors, from its original MSRP to the complexities of the pre-owned market, and the variations within the model itself.
Original Retail Price and Market Reality: A Stark Contrast
The last known retail price of the Rolex GMT-Master 16760 was $2,900. This figure, however, represents a snapshot in time and bears little resemblance to the prices commanded in today's market. The pre-owned market for this particular model is incredibly robust, with prices consistently exceeding $13,417. This represents a staggering increase, highlighting the significant appreciation this watch has experienced over the years. Adding a conservative 9% premium to the average pre-owned price brings the potential cost to over $14,600. But this is just an average; the actual price can fluctuate wildly depending on several critical factors.
Factors Influencing the Price of a Rolex 16760:
Several key factors contribute to the price variation seen in the Rolex 16760 market:
* Condition: The condition of the watch is paramount. A pristine, unpolished example with its original box and papers will command a significantly higher price than a watch showing signs of wear, even minor ones. Scratches, dents, and the presence of any aftermarket parts will all negatively impact value. A professional service history can be a positive factor, demonstrating care and maintenance.
* Dial and Hands: The dial and hands are crucial elements influencing value. Original, un-restored dials are highly prized, particularly those with even lume patinas. Any signs of re-lume or dial damage will significantly reduce the value. The color and condition of the hands are equally important.
* Bezel: The bezel insert, particularly on models with the iconic "Coke" bezel (red and black), is a highly sought-after feature. The condition of the bezel, including its color, sharpness of the markings, and the presence of any fading or damage, will directly impact the price. A faded or damaged bezel will significantly reduce the watch's value.
* Bracelet: The bracelet's condition is another crucial factor. Original Rolex bracelets are highly desirable, and their condition significantly impacts the overall value. A stretched or damaged bracelet will require replacement or restoration, reducing the watch's overall appeal and price.
* Box and Papers: The inclusion of the original box and papers (warranty card, booklets) significantly increases the value of a Rolex 16760. These documents provide provenance and authenticity, giving buyers peace of mind and increasing the watch's desirability. The presence of the original hang tag can also add to the value.
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