Talk about a return on investment. Some of the most coveted watches of the year have already doubled in value on the second-hand market after they were swiped up within hours of their release to the public. The Rolex Pepsi GMT-Master II, original sold for $9,250 (if you could get your hands on the tightly controlled supply), now sells for up to $22,000 at auction and at trusted pre-owned retailers like Bob’s Watches. A Rolex Rainbow Daytona Cosmograph Ref. 116595 in Everose originally retailed for $96,900, but Phillips already sold one at auction this November for 243,750 CHF (or $246,013 at current exchange) more than doubling its price. Not surprisingly, the most popular new watch debuts mimic what’s hot on the auction market—which has seen record booms in hammer prices with a Rolex selling for $5.9 million at Phillips this year. Alongside Rolex, Patek Philippe retains its status as king and its Nautilus Ref. 5740 Nautilus Perpetual Calendar was one of its most talked about (and hard to get) timepieces of the year, with its Ref. 5270P perpetual calendar chronograph with a salmon dial following closely behind. Getting on a waitlist to buy these timepieces is not even an option unless you are a proven collector.
Audemars Piguet and Omega also got their time in the spotlight. The AP Royal Oak Jumbo Extra-Thin in Titanium and Platinum was the watchmaker’s crowning jewel. The trending return towards retro timepieces, notably from the ’70s, put this iconic design from the era back on its pedestal. Omega meanwhile has been gaining speed as the new star on the block with prices at auction climbed higher than ever this year. The sale of its Elvis Presley timepiece at Phillips for $1.8 million—a record price for Omega at auction. It’s reflective of the provenance of the timepiece, but Omega has been an increasingly popular pick, especially amongst young watch enthusiasts and burgeoning collectors thanks to its exciting historical ties—space travel and Hollywood, for starters. The watchmaker says its bestselling watch of the year was, not surprisingly, its James Bond Seamaster Diver 300m series. But the sale of the limited-edition Speedmaster Ultraman for “Speedy Tuesday”—its second collaboration with Fratello Watches—was certainly the most talked about new Omega of the year. All 2,012 pieces, priced at $7,100, sold out in just two hours post-release this July. Speedy, indeed.
Here’s a guide to this year’s new watch releases that generated all the buzz:
Rolex Pepsi GMT-Master II
This was, without a doubt, the most talked about watch release of the entire year. Hype, countless Instagram posts, and a controlled supply pushed this watch into the stratosphere. But the news here was this: Rolex hadn’t released a “Pepsi” GMT-Master II since 2014, which came in a much pricier white gold case. The watch derives its nickname from its red and blue bezel made famous as the first GMT watch, created for Pan-Am pilots in 1955. The bracelet also came in Rolex’s proprietary Jubilee construction, instead of an Oyster bracelet like its 2014 predecessor. Beneath its hood, for just $9,250, the watch boasted a brand new 3285 caliber, whose production included 10 patent applications and an updated 70 hours of power reserve—22 more hours than the “price upon request” 2014 version.
Rolex Rainbow Cosmograph Daytona in Everose
Love it or hate it, the Rolex’s Rainbow Daytona continues to enjoy success in the secondary market—a yellow gold Ref. 16598 version sold at Phillips’ “Styled. Timeless Watches & How to Wear Them” auction for $212,500—and its latest release in Everose proved that even a $96,900 2018 version can double its value in under a year. Despite its 40 mm size, the timepiece is popular among both male and female clients, upping its “hard to get” factor. The limited production quantities of this timepiece and its predecessors, owes itself to the difficulty in finding stones up to Rolex’s quality standards for this particular kind of setting. The ROYGBIV-gemmed watch comes adorned with 36 baguette-cut sapphires in Rainbow gradation, 11 baguette-cut sapphire hour markers, and 56 brilliant-cut diamonds. The watchmaker’s own pink gold alloy, called Everose, contains 76 percent gold and a little more than 2 percent platinum. The copper contained in the material is held in by the platinum, so that the watch can maintain its unique color for the long haul.
Patek Philippe Nautilus Ref. 5740 Nautilus Perpetual Calendar
The Nautilus, as a Patek Philippe watch model, is one of the hottest watches on the market. And this year, the prestigious watchmaker created its first Nautilus with a perpetual calendar—a complication for which the house has a well-known expertise. Patek Philippe was the first watchmaker to put a perpetual calendar into a wristwatch back in 1925. This is an iconic Patek Philippe design meeting an iconic Patek Philippe movement in one watch. The 40 mm by 8.32 mm white gold watch retailed for 105,000 CHF (or $106,221 at current exchange), but if you wanted to buy one, it wasn’t easy. These watches only go to Patek Philippe’s top collectors—and even they have to get in line.
Ref. 5270P Perpetual Calendar Chronograph with a Salmon Dial
Patek Philippe’s reference 5270 is not one of the Swiss watchmaker’s most difficult-to-find models, but its latest 5270P in platinum with a golden opaline or “salmon dial” ($187,110) was one of the most talked about watches at the Baselworld watch show in March. The timepiece was only made available to a handful of retailers in the U.S., upping its desirability.
The 5270 forbears the 1518, the first serially produced perpetual calendar chronograph—one of the most desirable production complicated watches of the 20th century—as well as the 2499, the 3970, and the 5970. Released in white gold in 2011, followed by a rose-gold version in 2015, the 5270’s introduction in platinum, the ultimate metal, with the addition of a salmon dial and arabic numerals are the kind of updates that have collectors clamoring for this new release. In addition to the 5270’s facelift, the watch also houses the caliber CH 29-535 PS Q—a movement that boasts six patented chronograph innovations and was developed entirely in-house at Patek Philippe.