Released in 1988, the Rolex GMT-Master ref. 16700 replaced the outgoing ref. 16760 "Fat Lady," as collectors longed for a slimmed-down GMT-Master without the Fat lady's thicker case, beefier lugs, and larger design. Discontinued in 1999, the ref. 16700 was produced alongside the modern GMT-Master II and its successor, the GMT-Master ref. 16710, which was released a year after in 1989. As both of these options were more technically advanced than the ref. 16700 that we have here, the ref. 16700 failed to perform as well as it might have, with collectors spending the extra money to buy either the ref. 16710 instead, or the GMT-Master II when it was released. This has enabled the ref. 16700 to enjoy superior demand within the modern market as collectors seek out this now scarce timepiece. Offered with either an all-black bezel or the iconic red and blue Pepsi bezel, the ref. 16700 is the quintessential GMT-Master with its elegant design and vintage traits such as an aluminum bezel insert, hollow end links, hollow center links, and tritium lume (until 1997).

The overall condition is excellent. Dial appears to be in like new condition with no visible signs of damage. Blue and red bezel has a few very minor abrasions, particularly on the blue section. Case and bracelet are in excellent condition with minor surface abrasions throughout. There is a tiny ding on the side of the case near the lower crownguard as visible in images. There is very minimal stretch in the bracelet, which has a total of 11 links.

An iconic watch, standing as the last variant of the original GMT-Master collection, the ref. 16700 was famed for introducing white gold dial furniture to the GMT-Master family and reintroducing the slimmer case profile following the discontinuation of the "Fat Lady."