The Rolex GMT-Master II is a legendary timepiece, renowned for its functionality, durability, and iconic design. Within the GMT-Master II family, the reference 116719, distinguished by its platinum case and blue bezel, holds a special place, commanding a significant price in the Canadian market. This article delves into the complexities of pricing for the Rolex GMT-Master II 116719 in Canada, exploring retail prices, secondary market values, influencing factors, and historical trends. We will also provide a broader overview of GMT-Master II pricing in Canada to assist prospective buyers and sellers navigating this lucrative market.
Retail and Market Price: The 116719 and Beyond
Determining the exact price of a Rolex GMT-Master II, particularly the coveted 116719, requires considering both the official retail price and the fluctuating secondary market value. While Rolex maintains a degree of control over its retail pricing, the actual amount a buyer pays can vary based on factors such as authorized dealer availability and demand.
Officially, a new Rolex GMT-Master II 116719, were it still available from an authorized dealer, would likely command a price in the range of ~C$46,400 - C$44,888. However, given that the 116719 has been discontinued, finding one at this price point through official channels is practically impossible. This underscores the importance of understanding the pre-owned market.
The pre-owned market is where the majority of 116719 transactions occur. Here, prices are significantly influenced by supply and demand, the watch's condition, and the presence of accompanying documentation. The absence of official pricing makes the pre-owned market a more dynamic and unpredictable environment. While the estimated price range provided serves as a benchmark, actual selling prices can deviate considerably.
Model Specifications and Historical Trends for the Rolex GMT-Master II 116719
The Rolex GMT-Master II 116719 boasts several features that contribute to its high value:
* Platinum Case: The 40mm platinum case is a defining feature, offering exceptional durability, scratch resistance, and a luxurious aesthetic. Platinum's inherent rarity and value contribute significantly to the watch's overall price.
* Blue Cerachrom Bezel: The iconic blue ceramic bezel insert is highly resistant to fading and scratches, maintaining its vibrant color over time. This contrasts beautifully with the platinum case.
* Calibre 3186 Movement: The self-winding Calibre 3186 movement is a highly precise and reliable chronometer, showcasing Rolex's commitment to horological excellence. Its robust construction ensures longevity.
* GMT Functionality: The GMT-Master II's core functionality remains its ability to display two time zones simultaneously, a feature highly valued by frequent travelers and aviation enthusiasts.
* Discontinuation: The fact that the 116719 has been discontinued by Rolex significantly impacts its value. Discontinued models often appreciate in value over time due to reduced supply and increased collector demand.
Historically, the price of the 116719 has generally trended upwards since its release. While short-term fluctuations occur due to market conditions, the long-term trend suggests continued appreciation, especially for watches in excellent condition with complete documentation.
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