The Rolex GMT-Master II
Designed as a pilot's watch, Rolex introduced the GMT in 1955 with a dedicated hand and a two-color bezel to track the 24 hours of the day.
  • The frenzy for pre-owned Rolex watches peaked exactly two years ago, sending the market into a slump.
  • Prices for some wildly popular models, like the Daytona, have fallen by thousands of dollars.
  • One iconic watch, the red and blue bezeled GMT-Master II, has been on a strong run this year.

It has been a rough two years in the pre-owned Rolex market.