ROLEX, GMT-MASTER ‘PEPSI’, REF. 16700Important information about this lot
Price Realised USD 23,750
Estimate
USD 12,000 - USD 18,000
Estimates do not reflect the final hammer price and do not include buyer's premium, any applicable taxes or artist's resale right. Please see the Conditions of Sale for full details.
A Christie's specialist may contact you to discuss this lot or to notify you if the condition changes prior to the sale.
Lot Essay
The Rolex GMT-Master was the first Rolex with dual time and debuted in 1955. This model was developed especially for pilots so they could keep track of home time while traveling. The reference 16700 was in production from 1988 to 1999. This example features the iconic "Pepsi" bezel that was designed to help the wearer distinguish between day and night. This particular example is in excellent, almost new condition, complete with box and papers. To find a discontinued sport Rolex in this condition is getting harder every day. This watch would be a great addition to a watch collection.
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You have agreed to be bound by the Conditions of Sale and if your bid is successful, you are legally obliged to pay for the lot you have won. The purchase price for a successful bid will be the sum of your final bid plus a buyer’s premium, any applicable taxes and any artist resale royalty, exclusive of shipping-related expenses.
Condition report
A Christie's specialist may contact you to discuss this lot or to notify you if the condition changes prior to the sale.
The condition of lots can vary widely and the nature of the lots sold means that they are unlikely to be in a perfect condition. Lots are sold in the condition they are in at the time of sale.
The case is in excellent unpolished condition. The backs of the lugs have some light scratches from the spring bars. The watch is in excellent like-new condition. The gmt and quick-set date functions are working at the time of cataloguing. The movement is in working order at the time of cataloging, consistent with the age of the watch. The movement has not been tested for accuracy. A service is recommended given the age of the watch.