Rolex’s 2023 new models have all been “lottery” after their debut at the Geneva Watch and Wonder Watch Fair. The number of new models launched by the brand this year is relatively large. The most important new product is the new generation Daytona. Anniversary, so it is expected that Rolex will make a big move. However, looking back further, the most eye-catching work of the brand in 2022 will be the GMT-Master II 126720VTNR, because it has the first green and black color ceramic bezel in the series, and it is also the first left-hand crown watch seen by Rolex in modern times, so the watch As soon as it appeared, it quickly attracted the attention of the market, and the popularity of the watch was immediately reflected in its secondary market price.
According to the long-term tracking of WatchCharts, an advanced watch market research and research institution, 126720VTNR, which is priced at 11,250 US dollars abroad (HKD 87,600 on the official website of Hong Kong), will suddenly start to enter the secondary market in May 2022, and the price will explode to 44,000 US dollars. (contract HKD 345,380), the premium rate is an astonishing 290%! According to the momentum at the time, some people may have higher expectations for the market of this watch, but they did not expect that the market of the GMT-Master II left crown watch showed a trend of “the debut is the peak”.
When GMT-Master II 126720VTNR first entered the secondary market in 2022, the premium rate immediately soared to 290%, but it has declined steadily in the past year. The current foreign quotation is about 23,700 US dollars, and the premium rate is still more than 100%. (IG@watchcharts)
As we all know, the market of high-end watches began to decline after the second quarter of 2022. Since the launch time of 126720VTNR was just when the market was going down, it could fly against the wind for a short period of time at first, but then With the continuous decline of the watch market and the increasing volume of 126720VTNR in the secondary market, the price of watches will start to decline from the middle of 2022.
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After the price fell for 11 consecutive months, the market of 126720VTNR has stagnated in the past month or so and has not been further explored. However, its price is still at an average level of 23,700 US dollars (equivalent to HKD 186,040 in contracts). You can find it for as cool as $22,000, but that’s still a 110 percent premium. If compared with the peak value of this watch when it debuted, the price of the GMT-Master II left crown watch has shrunk by as much as 46% in the secondary market one year after its debut. I feel that it is a good time to enter the market.
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In 2023, the GMT-Master II series will have new gray and black two-color bezels on the market. However, since the watches are semi-gold or gold cases, it is reasonable to say that their popularity should not exceed 126720VTNR, so the market of these two new watches is extremely high. Pricing is very possible, but the premium rate is terrifying and it is difficult to replicate the current relatively “sluggish” level of 126720VTNR. It can be seen that the GMT-Master II left crown watch is still relatively attractive to the market, and many people are still eagerly looking forward to it. bring home.
[Thisarticlewasawarded”world luxury“Authorized to reprint, original text: GMT-Master II left crown watch 126720VTNR latest price list one year after launch】
