Is the Audemars Piguet Royal Oak Perpetual Calendar (Ref. 26574ST) worth it?

WatchMerit currently rates the Ref. 26574ST a Hold. Steel QP; auction darling.

Any offer between $154,000 and $196,000 is considered a fair price — that's a ±12% 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.

Steel QP; auction darling. Collector demand is currently High — Rare steel complication.

Buying new from an authorised dealer typically involves a wait of about 6 years (Royal Oak Perpetual Calendar; long-client only). For most buyers, the secondary market is the realistic route.

Historical secondary-market prices for the Ref. 26574ST have appreciated approximately 45.8% from the earliest tracked year to today, indexed from public market data, auction results and Australian dealer trade sheets.

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

A benchmarked reference on the WatchMerit market index. Detailed editorial notes coming soon.