Is the Audemars Piguet Royal Oak Offshore (Ref. 26420SO) worth it?

WatchMerit currently rates the Ref. 26420SO a Hold. Sport-luxe appetite returning slowly.

Any offer between $65,860 and $82,140 is considered a fair price — that's a ±11% band around the median. Below that range is under-market; above it is overpriced.

Full-set examples (box, papers, unpolished) sit near the middle of that range. Watch out for missing papers or heavy polishing — expect a 5–15% discount from median in those cases. International grey-market listings can look cheaper but almost always add GST, import duty and freight once landed.

Every live listing on WatchMerit is auto-labelled Under Market, Fair Price or Overpriced against this band, so you never have to guess.

Sport-luxe appetite returning slowly. Collector demand is currently Medium — Niche size/aesthetic; smaller buyer pool than standard RO.

Buying new from an authorised dealer typically involves a wait of about 4 years (Offshore easier than jumbo RO but still 3–5 yr). For most buyers, the secondary market is the realistic route.

Historical secondary-market prices for the Ref. 26420SO have appreciated approximately 27.6% from the earliest tracked year to today, indexed from public market data, auction results and Australian dealer trade sheets.

Rarity is rated Very rare (0.68% of the collector pool) — Niche size limits pool. Rarer references tend to hold value better in soft markets, but liquidity can be lower.

Indicative only. Not financial advice. Past performance does not guarantee future returns.

Royal Oak Offshore 43mm with rubber-clad ceramic bezel, integrated chronograph calibre 4404. Louder than the Jumbo, more available, and — for the size crowd — the definitive Offshore.