The Rolex GMT-Master II reference 116719, a platinum masterpiece with a striking blue bezel, commands a significant presence in the world of luxury watches. Its price, currently hovering well above $132,000 in the pre-owned market, reflects not only its inherent value but also its rarity and the escalating demand for sought-after Rolex models. This article will explore the factors contributing to this high price, examine its place within the broader GMT-Master II lineage, and compare it to other popular references, particularly the discontinued 116710LN. We'll also delve into the market for pre-owned GMT-Master IIs, including models like the 116710LN and 116710, providing insights into their pricing and availability.
The 116719's exorbitant price tag is a consequence of several intertwined elements. Firstly, the use of platinum itself elevates the watch significantly. Platinum is a precious metal rarer and more expensive than gold, demanding a higher manufacturing cost. Its inherent weight and heft add to the luxurious feel, contributing to the watch's overall desirability. The striking blue ceramic bezel insert, a hallmark of the 116719, further enhances its appeal. The deep, rich blue complements the platinum case beautifully, creating a visually stunning piece.
Secondly, the scarcity of the 116719 plays a crucial role. Rolex's production numbers for this specific reference were significantly lower compared to its stainless steel counterparts, like the 116710LN (which we will discuss extensively later). This limited availability fuels demand, driving the price upward. The watch's exclusivity is a significant factor for collectors, who are willing to pay a premium for a less commonly seen model.
Thirdly, the overall appreciation of Rolex watches in the secondary market has dramatically impacted the 116719's price. Rolex enjoys a strong reputation for quality, craftsmanship, and enduring style, leading to consistently high demand. This, combined with the brand's strategic approach to production, resulting in limited supply, has created a perfect storm for price appreciation. The 116719, being a particularly desirable model within an already highly sought-after brand, has naturally benefited from this trend.
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