The GMT-Master II is one of the most popular Rolex collections, alongside the Submariner and Daytona. Demand is particularly high for new models and those no longer in production. The latter are extremely popular and only available in limited numbers, which has led to rapid price increases in recent years.

One example is the Rolex GMT-Master II ref. 116710LN. This timepiece features a stainless steel case and black ceramic bezel. Its power comes from the Rolex caliber 3186, a COSC-certified Superlative Chronometer with a 50-hour power reserve. You can purchase this model for about 15,000 USD new and 12,500 USD pre-owned.

If those prices sound about right but you'd prefer a GMT-Master II with an aluminum bezel, you should take a closer look at the ref. 16710. Rolex produced this watch from the late 1980s until 2007. You can choose from a Pepsi, Coke, or solid black bezel. The Superlative Chronometer caliber 3185 ticks away inside the case. Prices for this model range from 12,000 to 17,000 USD depending on its condition.

The Original GMT-Master II: The "Fat Lady"

Those on the market for an original GMT-Master II should be on the lookout for the ref. 16760. Rolex only produced this watch for five years from 1983 to 1988. Its case is slightly larger than that of previous GMT-Masters due to the caliber 3085, which also appears in early Explorer II models. Fans swiftly nicknamed this GMT-Master II the "Fat Lady" as a result. The "Fat Lady" is only available with a Coke, or red and black, bezel. Never-worn pieces cost around 18,000 USD, while pre-owned pieces change hands for roughly 14,500 USD on Chrono24.

GMT-Master II Pepsi in White Gold or Stainless Steel

If you like the classic Rolex Pepsi design but are not interested in vintage watches, you're sure to enjoy the ref. 116719BLRO. Rolex manufactured this model from 2014 to 2018. While it shares its red and blue color scheme with many of its historical predecessors, its bezel is made of scratch-resistant ceramic instead of aluminum. This watch gets its power from the Superlative Chronometer caliber 3186 and has a 50-hour power reserve.

Rather than stainless steel, Rolex chose white gold for the case and bracelet. The change to this precious material is felt in the wallet. Expect to pay anywhere from 36,000 to 40,000 USD for one of these timepieces.

Introduced in 2019, the ref. 126719BLRO is also made of white gold. However, both its caliber – the 3285 – and meteorite dial are new. It also comes with a fantastic story: The manufacturer claims that the dial material comes from an asteroid or perhaps even an exploded planet. You can call this galactic GMT-Master II your own for about 44,000 USD used and 48,500 USD in mint condition.

Owning a GMT-Master II doesn't have to break the bank, though. If you can do without white gold and a meteorite dial, Rolex also offers a technically identical model in stainless steel. This watch, the ref. 126710BLRO, comes on a five-piece link Jubilee bracelet instead of the conventional Oyster bracelet. You can find this watch on Chrono24 in new and used condition for about 19,500 USD. Rolex lists the same timepiece for 8,800 CHF (approx. 9,700 USD).

GMT-Master II Batman

So-called Rolex "Batman" editions are extremely popular. These stainless steel GMT-Master IIs get their nickname from their blue and black bezels. You can choose from two different references: the 116710BLNR and 126710BLNR. The latter was in production from 2014 to 2019. It uses the Rolex in-house caliber 3186, which has a 50-hour power reserve.

Prices for this model have exploded in the wake of its discontinuation, with the same mint-condition watch worth 10,500 USD in 2018 costing over 16,500 USD in 2020. At 15,500 USD, used Batman watches demand only slightly less. For reference, current asking prices are about 50% higher than this timepiece's original list price.

While 2019 marked the end of the 116710BLNR, it also saw the introduction of the 126710BLNR. This newer Batman GMT-Master II is nearly identical to its predecessor. However, there are two key differences. One is that the current reference is only available on a Jubilee bracelet. The other is found inside the case, with the caliber 3285 replacing the 3186. This upgraded movement boasts a longer, 70-hour power reserve.

Due to high demand, purchasing from an offline retailer often comes with a months-long wait time. You can get your watch much more quickly online, though it will come at a significant markup. This model costs around 17,000 USD new, while pre-owned versions sell for about 16,500 USD. Both prices are much higher than the manufacturer's suggested retail price of 8,800 CHF (approx. 9,700 USD).

Two-Tone and Solid Gold Editions

Early versions of the GMT-Master were also available in two-tone and solid gold designs. The same is true of the GMT-Master II: The bracelet comes in your choice of stainless steel, yellow gold, white gold, or Everose gold or a combination of stainless steel and yellow or Everose gold. Rolex calls their two-tone models "Rolesor." The manufacturer has been using this combination of materials since the early 1930s.

Older yellow gold models from the early 2000s get their power from the caliber 3186. These watches pair a black ceramic bezel with either a black or green dial. The version with a green dial (ref. 116718LN) costs between 34,500 and 41,500 USD. On the other hand, the ref. 116718LN changes hands for 34,500 USD used and 38,000 USD in excellent condition.

At Baselworld 2018, Rolex presented an Everose gold and stainless steel edition (ref. 126711CHNR) as well as one in solid 18-karat Everose gold (ref. 126715CHNR). Both models feature a black and brown Cerachrom bezel and are powered by the caliber 3285. You can purchase the two-tone variant for about 19,000 USD new and 18,000 USD pre-owned. If you prefer the 18-karat gold version, be prepared to spend between 37,000 and 39,000 USD.