With a GMT function, the Rolex GMT-Master II is one of the most well-known and sought-after luxury watches. While the “Pepsi” with its red and blue bezel is widely sought after and an excellent investment, the gold models are still reasonably priced.
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Rolex GMT-Master II – A Legend in Short Supply
The typical price of a Rolex GMT-Master II on the secondary market in Saudi Arabia has risen dramatically over the past several years due to soaring demand. In particular, the stainless steel GMT-Master II models are some of the most sought-after timepieces in the world right now. There are now no more 2021 editions of the Rolex GMT-Master II available anywhere at retail, with waitlists spanning several years. The supply of Rolex GMT-Master IIs is so low that many merchants have stopped accepting new names to their waitlists.
If you’re looking to buy a stainless Rolex GMT-Master II on the secondary market, you should expect to pay between 37,500 and 82,500 Saudi Riyals for a good quality piece, while the most opulent gem-set models can sell for up to four times as much as that. If you’re lucky enough to get your hands on a rare vintage reference, you may expect to pay hundreds of thousands at auction or even over a million SAR.
About the GMT-Master II
Since being first introduced in the 1950s, the Rolex GMT-Master II has evolved from the original model. After launching the GMT-Master II in 1983, the original GMT-Master was phased out of the Rolex catalogue and replaced by its successor.
The most significant difference between the Rolex GMT-Master II and the original GMT-Master is its movement. Users can set both hands independently of each other, allowing the display of two timezones only on the dial while freeing up the revolving 24-hour bezel to reference a third timezone as needed, providing a more flexible usage of the GMT-Master II’s spinning 24-hour bezel.