What defines the GMT-Master II
The GMT-Master began in the mid-1950s as a tool for Pan Am pilots who needed to track two time zones. The modern GMT-Master II adds one key feature: a local hour hand you can jump in one-hour steps without stopping the watch. Meanwhile, a separate 24-hour hand keeps home time, and a two-colour bezel shows day and night at a glance.
In addition, every current model shares a 40 mm Oyster case, 100 m water resistance and calibre 3285 with about 70 hours of reserve. So the differences come down to bezel colours, metals, dials and bracelets. That is also why prices vary so widely, from about US$13,500 for an older steel 116710LN to over US$90,000 for a gold model with a tiger-iron dial. For the full background, see the GMT-Master II history on Wikipedia or the official Rolex collection page.
The 2026 Pepsi discontinuation
In April 2026, Rolex dropped both red-and-blue references: the steel 126710BLRO and the white-gold 126719BLRO. However, no replacement was announced. As a result, for the first time since the 1950s the collection has no Pepsi bezel.
In practice, the effect on prices came early. Buyers front-ran the news, and asks for the steel Pepsi firmed before the announcement. Market data then showed a dip of about 2.3% in the second quarter, as the news was already priced in. As of October 2026, an excellent steel Pepsi with papers sits around US$25,000 – US$28,500, more than twice its last list price of US$11,800. By contrast, the Batman has stayed at roughly 1.5 times retail. Our Pepsi vs Batman comparison covers the gap in detail.
Every GMT-Master II reference compared
The grid below lists all twelve references we track, current models first. In addition, each card links to a full page with specifications, price bands and authentication tips.
GMT-Master II 126729VTNR
Left-handed white-gold GMT with a green ceramic dial. RM237,000 retail; pre-owned trades well below that.
GMT-Master II 126710BLNR
Blue-and-black steel GMT on Jubilee (Batgirl) or Oyster. Retail RM51,000; market prices and fake tells.
GMT-Master II 126710GRNR
Grey-and-black steel GMT from 2024 with a green GMT hand. Retail RM51,000; market prices and checks.
GMT-Master II 126720VTNR
Left-handed steel GMT with green-and-black bezel. Retail RM53,400; market prices and what fakes get wrong.
GMT-Master II 126711CHNR
Two-tone Everose GMT with a brown and black bezel. Trades just above its US$20,050 list.
GMT-Master II 126713GRNR
Steel and yellow gold GMT, grey and black bezel, Jubilee. Holds a small premium over list.
GMT-Master II 126718GRNR
Solid yellow-gold GMT on a Jubilee, grey and black bezel. Black dial near list; tiger iron far above.
GMT-Master II 126715CHNR
Solid Everose GMT. Black dial trades under list; the tiger iron dial asks well above it.
GMT-Master II 126719BLRO
White-gold Pepsi with blue or meteorite dial, discontinued April 2026. Prices by dial and authentication tips. Discontinued
GMT-Master II 116710LN
Black ceramic steel GMT with a green hand, 2007 to 2019. A cheaper route into a modern GMT. Discontinued
GMT-Master II 116710BLNR
The original blue and black ceramic Batman, 2013 to 2019, Oyster only. Trades below the current model. Discontinued
GMT-Master II 126710BLRO
The steel red-and-blue GMT, discontinued April 2026. Market prices, Jubilee vs Oyster, and fake tells. Discontinued
Retail vs pre-owned at a glance
| Reference | Retail | Unworn, full set | Excellent, B&P | Good, no papers | Mid-band vs retail |
|---|---|---|---|---|---|
| GMT-Master II 126710BLNR | US$11,800 | US$20,500 – US$23,000 | US$18,000 – US$20,500 | US$16,000 – US$18,000 | +63% |
| GMT-Master II 126710GRNR | US$11,800 | US$22,000 – US$24,500 | US$20,000 – US$22,800 | US$18,000 – US$20,000 | +81% |
| GMT-Master II 126720VTNR | US$12,300 | US$19,000 – US$21,800 | US$16,500 – US$19,000 | US$15,000 – US$16,500 | +44% |
| GMT-Master II 126711CHNR | US$20,050 | US$23,000 – US$25,000 | US$20,500 – US$22,800 | US$18,500 – US$20,500 | +8% |
| GMT-Master II 126713GRNR | US$20,450 | US$24,000 – US$25,500 | US$22,000 – US$24,500 | US$19,500 – US$21,500 | +14% |
| GMT-Master II 126729VTNR | n/a | US$46,000 – US$49,000 | US$43,000 – US$46,500 | US$39,000 – US$43,000 | — |
| GMT-Master II 126718GRNR | US$50,800 | US$50,000 – US$53,500 | US$46,000 – US$50,500 | US$42,000 – US$46,000 | -5% |
| GMT-Master II 126715CHNR | US$53,100 | US$47,000 – US$50,000 | US$42,500 – US$47,500 | US$38,500 – US$42,500 | -15% |
| GMT-Master II 126710BLRO | US$11,800 | US$29,000 – US$34,000 | US$25,000 – US$28,500 | US$22,500 – US$25,000 | +127% |
| GMT-Master II 126719BLRO | n/a | US$54,000 – US$58,000 | US$49,500 – US$54,500 | US$44,500 – US$49,000 | — |
| GMT-Master II 116710BLNR | n/a | US$18,000 – US$20,000 | US$15,500 – US$17,500 | US$14,000 – US$15,500 | — |
| GMT-Master II 116710LN | n/a | US$15,500 – US$17,500 | US$13,500 – US$15,000 | US$12,000 – US$13,500 | — |
Retail is the current (or last) US list price. Pre-owned bands are rounded market ranges for October 2026; MYR ≈ USD × 4.08.
Bands for the 126715CHNR, 126718GRNR and 126719BLRO are for standard dials. By contrast, tiger-iron and meteorite dials ask far more.
GMT-Master II prices in Malaysia
Official retailers in Malaysia, such as Cortina Watch, The Hour Glass and Swiss Watch, list the current models at the prices below as of October 2026. However, steel GMTs are rarely available on the spot, so most local buyers also compare grey-market asks in Kuala Lumpur and Singapore.
| Reference | Metal | Retail (RM) |
|---|---|---|
| 126710BLNR "Batman" | Oystersteel | 51,000 Oyster / 51,950 Jubilee |
| 126710GRNR "Bruce Wayne" | Oystersteel | 51,000 Oyster / 51,950 Jubilee |
| 126720VTNR "Sprite" | Oystersteel | 53,400 Oyster / 54,350 Jubilee |
| 126711CHNR "Root Beer" | Everose Rolesor | 87,100 |
| 126713GRNR | Yellow Rolesor | 88,500 |
| 126718GRNR | Yellow gold | 220,100 black / 239,200 tiger iron |
| 126715CHNR | Everose gold | 230,200 black / 249,300 tiger iron |
| 126729VTNR | White gold | 237,000 |
As a rule, grey premiums are large on steel. For example, Batman asks in Kuala Lumpur have reached RM74,500 against RM51,000 retail. On gold, the picture flips: one local dealer asked RM192,000 for a white-gold Sprite listed at RM237,000. Our retail vs market price guide explains why.
Which GMT-Master II should you buy?
For value retention, steel generally wins. The 126710GRNR now asks the most among current steel models, while the Batman 126710BLNR is the steadier, slightly cheaper choice. If you wear on the right wrist, the Sprite 126720VTNR carries the lowest steel premium.
On the other hand, for the best deal against retail, look at gold. The Everose 126715CHNR and the white-gold 126729VTNR often sell below list. On a budget, the older 116710LN and 116710BLNR cost less but use the 48-hour calibre 3186. For two-tone, compare the Root Beer 126711CHNR with the 126713GRNR, and see the yellow-gold 126718GRNR for full gold.
Still deciding between a GMT and a diver? Read Submariner vs GMT-Master II.
Authentication notes for the whole collection
The GMT is one of the most faked Rolex lines. Fortunately, a few checks apply to every modern reference. First, the bezel turns both ways in 24 one-hour clicks with no play. Second, two-colour inserts are a single piece of ceramic with a crisp boundary at 6 and 18. Third, the local hour hand should jump without stopping the seconds hand. Also, the serial sits on the rehaut at 6 o'clock, and the caseback is always plain and solid. For everything else, follow our real vs fake Rolex guide and check paperwork with the box and papers guide.
GMT-Master II FAQ
How much is a Rolex GMT-Master II in Malaysia?
Official Malaysian retail starts at RM51,000 for the steel Batman and 126710GRNR on Oyster bracelets, and RM53,400 for the left-handed Sprite. Two-tone models cost RM87,100 to RM88,500, and solid-gold versions RM220,100 to RM249,300. Pre-owned steel GMTs typically sell well above retail, while gold ones trade near or below it.
How do you use a Rolex GMT-Master II?
Set the 24-hour GMT hand to your home time. Then, when you travel, pull the crown to the first position and jump the local hour hand in one-hour steps to the new time zone; the date follows it. The rotating 24-hour bezel can track a third zone if you turn it by the number of hours' difference.
Is the GMT-Master II a good investment?
Steel models have held value well, with the discontinued Pepsi at more than twice its last list price. However, precious-metal GMTs often trade below retail, and the Batman has been flat for two years. Buy a GMT because you will wear it. Treat any value retention as a bonus, not a plan.
Which GMT-Master II holds its value best?
In October 2026, the discontinued steel Pepsi 126710BLRO has the highest premium over its last list price. Among current models, the 126710GRNR asks the most relative to retail. Solid-gold black-dial models generally trade near or under list.
Why was the Pepsi discontinued?
Rolex does not explain its catalogue decisions. It simply removed the steel 126710BLRO and white-gold 126719BLRO at Watches & Wonders in April 2026, without naming a replacement. Many observers link it to the cost and difficulty of producing red ceramic, but that remains speculation.
Last updated . Written and fact-checked by the Rolex Malaysian editorial team. Specifications and prices are re-checked quarterly.