The Rolex GMT-Master II reference 116710LN, affectionately known as the "Batman" due to its distinctive black and blue Cerachrom bezel, holds a special place in the hearts of many watch enthusiasts. Its discontinuation has only served to amplify its desirability and, consequently, its price. Understanding the current market value of this sought-after timepiece requires examining several factors, including its history, specifications, condition, and the overall pre-owned luxury watch market. This article delves into the intricacies of the Rolex 116710LN price, touching upon related models and exploring the reasons behind its significant value.
The Rolex 116710LN: A Brief History and Overview
Before exploring the price, it's crucial to understand the watch itself. The 116710LN, released sometime around 2007, marked a significant evolution in the GMT-Master II line. Its predecessor, the 16710, featured an aluminum bezel, prone to fading and scratching. The 116710LN introduced the robust and virtually scratch-proof Cerachrom ceramic bezel insert, a game-changer in terms of durability and aesthetic appeal. The distinctive two-tone bezel—black and blue—further solidified its iconic status, earning it the popular nickname "Batman."
The watch houses Rolex's calibre 3186, a self-winding movement known for its reliability, accuracy, and power reserve of approximately 48 hours. Its 40mm Oyster case, coupled with the Oyster bracelet, offers a comfortable and secure fit. The Triplock winding crown and screw-down case back ensure water resistance to 100 meters (330 feet). These features contribute to the watch's overall robustness and its enduring appeal.
The Discontinuation and its Impact on Price
The discontinuation of the 116710LN, replaced by the newer 126710BLNR (also known as the "Batman" but with a slightly updated movement), significantly impacted its price. Discontinued Rolex models often appreciate in value due to increased demand and limited availability. Collectors and enthusiasts seek these pieces as they represent a specific point in Rolex's history and often showcase design elements not found in newer models. This scarcity drives up prices in the pre-owned market.
Factors Affecting the Rolex 116710LN Price
The price of a pre-owned Rolex 116710LN varies greatly depending on several factors:
* Condition: The condition of the watch is paramount. A watch in mint condition, with original box and papers (including the warranty card), will command a significantly higher price than one showing signs of wear and tear. Scratches, dents, and imperfections on the case, bezel, or bracelet will all affect the value.
* Box and Papers: The presence of the original box and papers—particularly the warranty card—significantly increases the value. These documents provide provenance and authenticity, offering buyers peace of mind.
* Service History: A complete service history from an authorized Rolex service center demonstrates proper maintenance and adds to the watch's value. A well-maintained watch is more desirable and less likely to require immediate servicing.
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