Rolex GMT Master 16700 “Pepsi” 40mm Box & Papers

The Rolex GMT-Master 40mm (Ref. 16700 “Pepsi”) is a highly collectible travel watch that represents the final evolution of the original GMT-Master line before Rolex transitioned exclusively to the GMT-Master II. Featuring the iconic red and blue “Pepsi” aluminum bezel, a classic black SWISS dial, and the timeless Oyster case, this late-production reference embodies the heritage that has made the GMT-Master one of Rolex’s most celebrated professional models. Powered by the reliable Caliber 3175 automatic movement, it offers precise dual time-zone functionality, robust performance, and the durability expected from a Rolex tool watch. The versatile 40mm case provides excellent wearability while preserving the vintage charm and proportions that collectors continue to seek. This U8 serial example, accompanied by January 1999 punched papers, a dealer-stamped warranty, original box, both hang tags, and the correct 78790 Oyster bracelet with 501B end links and U11 clasp, is a true collector-grade late 16700. The case geometry is outstanding, with full, symmetrical lugs that retain excellent thickness. As expected for a 16700, the factory chamfers are no longer present, but the case remains exceptionally healthy. The crown guards are even and well-defined, the drilled lug holes remain crisp and unelongated, and the period-correct Pepsi bezel insert retains rich, vibrant colors with a deep blue and strong red that has not faded. The SWISS dial appears correct, the hands match the dial beautifully in color, and the bracelet fits tightly against the case, further confirming the proper 501B end link configuration. Complete with box and papers, this is an exceptional opportunity to acquire one of the finest and most desirable late-production GMT-Master 16700 references, offering outstanding originality, excellent preservation, and significant collector appeal.