The Rolex GMT-Master II "Root Beer," officially the reference 126711CHNR, is a highly sought-after timepiece, captivating collectors and enthusiasts alike with its unique bi-color combination and rich history. Its price, however, reflects its desirability, commanding a significant sum in the pre-owned market, often exceeding its retail price considerably. This article will delve into the current market price of the Root Beer Rolex, exploring various factors influencing its cost, comparing it to other models, and examining its history and appeal. We'll also touch upon regional price variations and the complexities of the vintage market.
Current Market Price: A Negotiable £30,500 ($39,364)
Our starting point is the stated price of £30,500 (approximately $39,364) for a pre-owned Root Beer Rolex. This figure, however, should be considered a starting point for negotiation. The actual price you pay will depend on a number of factors, including the watch's condition, box and papers (original packaging and documentation), and the seller's location. A watch in pristine condition, with complete documentation, will generally command a higher price than one showing signs of wear. Similarly, sellers in high-demand markets might price their watches higher. The "negotiable" aspect highlights the fluid nature of the pre-owned luxury watch market.
Understanding the Retail Price and Market Fluctuations:
Determining the exact retail price of a Rolex Root Beer is challenging, as Rolex rarely releases official pricing information publicly. Furthermore, authorized dealers often have waiting lists, and the actual price paid might be influenced by the dealer's relationship with the buyer. However, it's safe to say that the retail price is significantly lower than the £30,500 pre-owned price mentioned earlier. The difference reflects the strong demand and relatively limited supply of this popular model.
The pre-owned market price is driven by several factors, including:
* Demand: The Root Beer's unique aesthetic, combining brown and black ceramic bezels with a Jubilee bracelet, makes it exceptionally desirable. This high demand pushes prices upwards.
* Limited Supply: Rolex produces watches in limited quantities, creating scarcity and further fueling demand. This controlled production contributes to the high resale value.
* Investment Potential: Luxury watches, particularly those from established brands like Rolex, are often seen as investment assets. The Root Beer's rising value reinforces this perception.
* Condition and Accessories: As mentioned earlier, the watch's condition, including the presence of the original box and papers, significantly impacts its value. A complete set in excellent condition will always fetch a higher price.
* Market Speculation: The luxury watch market is subject to fluctuations influenced by economic conditions, trends, and even social media hype. These factors can impact the price of a Root Beer Rolex.
Regional Price Variations: UK vs. Other Markets
The price quoted (£30,500) is in British Pounds, reflecting the UK market. The equivalent price in US dollars ($39,364) is an approximation, and the actual price in the US might vary. Other markets, such as the Philippines, will have different prices influenced by local taxes, import duties, and currency exchange rates. A quick search for "Rolex Root Beer price Philippines" will reveal prices considerably higher than the UK price due to these factors. Therefore, regional price differences are significant and need to be considered when comparing prices across different locations.
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