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Market observations

What the market asks

Prices belong to sellers, so the only price data worth publishing is somebody else's, with a date on it. This page reports what a sample of dealer catalogues were asking in September and October 2026: ranges, not quotes, grouped by the factory label and the model family. The same reference can carry asking prices that differ by a factor of seven depending on which label is attached to it, which is the single most useful thing price data shows in this trade.

3,466Listings read
7Catalogues sampled
28Factory labels with a range
31Model families with a range

What does the market ask by factory label?

Quartiles across every listing carrying that label in the sample. A label is what a seller calls the build, so part of the spread inside one row is the label being used loosely.

LabelListingsMedianP25 – P75Full range
VS641$615 $564 – $700$450 – $1,835
CLEAN449$740 $630 – $1,000$280 – $1,400
APS137$850 $736 – $926$526 – $1,136
RM137$1,750 $1,053 – $2,400$800 – $15,000
unspecified134$809 $647 – $977$475 – $1,117
ZF109$628 $609 – $708$564 – $1,199
QF90$983 $850 – $1,034$672 – $1,168
BBF56$745 $717 – $818$691 – $950
ARF49$761 $678 – $828$564 – $1,066
PPF45$691 $672 – $907$590 – $1,100
3K44$691 $462 – $723$437 – $1,053
VSF32$765 $700 – $1,200$600 – $1,300
BETTER31$888 $863 – $888$799 – $888
DDF29$736 $704 – $850$704 – $996
EWE28$596 $564 – $609$462 – $659
AF25$550 $358 – $575$354 – $609
DD21$1,142 $1,009 – $1,212$1,009 – $1,263
V716$650 $628 – $672$604 – $700
BLS14$491 $488 – $533$488 – $700
THB13$882 $628 – $1,009$628 – $1,244
VICTORY13$856 $815 – $869$704 – $882
BR12$558 $558 – $618$545 – $700
EAST11$507 $507 – $609$507 – $609
IP10$736 $736 – $755$736 – $755
SONIC9$1,117 $1,034 – $1,142$1,034 – $1,206
HB6$850 $482 – $850$482 – $850
RICH6$1,835 $1,835 – $2,533$1,835 – $2,533
NEW3$1,100 $1,100 – $1,650$1,100 – $1,650

What does the market ask by model family?

References listed beside a family are the ones with the most listings in the reference sample for that family; each link opens its own asking-price ladder, sample size and date.

Model familyListingsMedianFull range
Daytona
In the reference sample: 116515LN · 126518LN · 116508
472$1,009$482 – $3,000
Datejust
In the reference sample: 126334 · 126300 · 126234
371$850$310 – $1,750
Royal Oak
In the reference sample: 15510ST · 15500 · 26240ST
298$850$526 – $1,900
Day-Date
In the reference sample: 228238 · 228235 · 228239
227$926$316 – $1,750
GMT-Master II
In the reference sample: 126710BLNR · 126710BLRO · 126710GRNR
199$799$280 – $2,000
Submariner
In the reference sample: 126610LN · 116610LN · 126610LV
158$736$291 – $1,750
Richard Mille
In the reference sample: RM055 · RM35-01 · RM35-02
157$1,750$250 – $15,000
Seamaster
In the reference sample: 220.10.43.22.03.001 · 210.22.42.20.01.001 · 210.30.42.20.01.001
149$550$500 – $1,550
Nautilus
In the reference sample: 5711/1A-018 · 5711/1A-010 · 5711/1A-014
135$800$590 – $1,850
Panerai
In the reference sample: PAM01074 · PAM01232 · PAM00382
131$575$450 – $700
Oyster Perpetual
In the reference sample: 126000 · 124300 · 277200
98$635$615 – $1,750
Hublot
In the reference sample: 421.CI.1170.RX · 411.CI.1190.RX · 411.JX.4802.RT
84$850$482 – $1,700
Yacht-Master
In the reference sample: 226659 · 126621 · 126622
82$755$291 – $1,650
Constellation
In the reference sample: 123.20.38.21.08.001 · 131.12.41.21.06.001 · 131.33.41.21.01.001
45$615$500 – $800
Breitling 42$750$250 – $1,450
Aquanaut
In the reference sample: 5167/1A-001 · 5268/
41$717$609 – $900
Pilot
In the reference sample: IW377714
35$650$564 – $755
Explorer
In the reference sample: 226570 · 124270 · 124273
35$691$615 – $1,650
Calatrava 34$850$609 – $1,400
Complications
In the reference sample: 5396/1G-011
34$800$750 – $1,500
Sky-Dweller
In the reference sample: 326934 · 326935 · 326235
33$850$700 – $1,650
Sea-Dweller
In the reference sample: 126660 · 126600 · 126603
31$818$310 – $1,650
Portugieser
In the reference sample: IW501707 · IW501708
26$650$596 – $850
Santos
In the reference sample: WSSA0047 · WHSA0015 · WSSA0039
22$680$500 – $1,100
Overseas 20$672$609 – $990
Speedmaster
In the reference sample: 310.32.42.50.02.001 · 310.92.44.51.01.003
17$750$672 – $850
Milgauss
In the reference sample: 116400 · 116400GV
15$850$700 – $1,700
Air-King
In the reference sample: 126900
10$775$615 – $1,650
Tudor 5$609$609 – $609
Carrera 4$700$700 – $700
Tank 3$550$550 – $550

Why does the same watch have six prices?

Comparing listings by reference number, not by description, we found 334 references that appear in more than one catalogue. The widest spread was a RM67-02: asking prices from $1750 to $15000 across 4 catalogues, a factor of 8.6 for the same reference number. Nothing about the watch changes that much; what changes is the factory label the seller attaches, the movement tier named in the listing, the bracelet and box configuration, and how the seller positions itself. The practical consequence for a buyer is that the label matters more than the reference, and that a single price is close to meaningless without the label next to it. Across every reference we could match this way, the spread had a median of 1.25x and a maximum of 8.6x; within a single label it fell to 1.09x. The full breakdown, and how to read a price before paying, is on why the same watch has so many prices.

What do these numbers not tell you?

Where do the numbers come from?

Aggregated asking prices observed across dealer catalogues. No dealer or shop is named. Asking prices, not transaction prices; the sample and date are stated with every row.

Sample: 7 dealer catalogues read on one dealer catalogue snapshot dated 2026-09-23, plus six dealer catalogues read through their public store APIs on 2026-10-01. Listings with an identifiable factory label: 2,170; with an identifiable reference number: 2,616. Quartiles are computed on the sample; rows with fewer than three listings in a group are omitted. Asking prices below $50 and placeholder zero values are excluded as data errors.

Reviewed 2026-10-01. This page is not a recommendation and this site does not sell watches, take payment, or link to any seller. See methodology.

Continue

Factory profiles

What each label is, whether it is still producing, and which references it is known for.

How this trade looks bigger than it is

Including why two "different" factory sites can carry the same 300 products.

What buyers worry about

The five questions before paying, and which ones can be checked rather than promised.