The Rolex GMT-Master II, particularly the reference 116710BLNR affectionately nicknamed the "Batman" due to its distinctive blue and black Cerachrom bezel, has cemented its place as a highly sought-after timepiece. Understanding its price, both at retail and in the secondary market, requires a look at its specifications, historical trends, and its position within the broader Rolex GMT-Master II lineage. This article will explore the Rolex 116710 price, examining its fluctuations and providing context within the wider world of Rolex collecting.
Retail and Market Price: A Widening Gap
The official retail price of the Rolex GMT-Master II 116710BLNR was $8,450 USD. However, this figure holds little practical relevance for the average buyer today. Due to incredibly high demand and limited supply, the watch consistently trades far above its MSRP in the pre-owned market. A current market price of around $10,894 represents a significant premium, but even this figure can fluctuate based on condition, box and papers included, and the seller's market dynamics. This price disparity highlights the significant collector demand and the watch's status as a highly desirable asset. The gap between retail and market price emphasizes the power of brand recognition, the enduring appeal of the GMT-Master II design, and the scarcity cultivated by Rolex's controlled production.
Model Specifications: A Timeless Design Refined
The Rolex 116710BLNR boasts a 40mm Oyster case crafted from 904L stainless steel, a material known for its corrosion resistance and lustrous finish. Its iconic bidirectional rotating bezel, a hallmark of the GMT-Master II, features the Cerachrom insert in black and blue, a ceramic material that is virtually scratch-proof and resistant to fading. The watch is water-resistant to 100 meters (330 feet). Inside, the caliber 3186, a self-winding mechanical movement, provides the watch’s functionality. This movement is a testament to Rolex's commitment to precision and reliability, offering a power reserve of approximately 48 hours. The combination of these features – the robust case, the durable bezel, and the precise movement – explains the watch's enduring appeal and its ability to withstand the test of time.
Historical Trends: From Introduction to Discontinuation
Understanding the Rolex 116710 price requires examining its historical trajectory. While the exact release date (detailed further in the section below) isn't crucial to understanding price, knowing the introduction of the 116710BLNR marked a significant shift in the GMT-Master II lineup. The introduction of the blue and black bezel variation brought a new level of desirability to the model, immediately driving demand. The watch quickly became a grail piece for many collectors, and its desirability has only grown over the years, leading to the significant premium we see today. The subsequent discontinuation of the model (discussed in the section on the 116710LN) further fueled its value, as its availability became increasingly restricted.
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