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Audemars Piguet Steel

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Audemars Piguet Models in Steel

Steel is where the legend began. When Gérald Genta sketched the original Royal Oak in steel back in the ’70s, it turned the industry on its head. Suddenly, luxury wasn’t about gold—it was about design, finish, and attitude. That vibe still holds strong. Whether it’s the classic 15500ST or the ultra-thin 15202 “Jumbo,” steel Royal Oaks have become grail watches for collectors everywhere. And let’s not forget the Offshores: chunky, wild, and totally unapologetic in steel. It’s the material that made AP famous, and to this day, it delivers a blend of toughness and prestige that no other metal can quite match.

Steel may sound like the “entry-level” AP material, but don’t let that fool you—these watches are red hot on the market. A basic steel Royal Oak might retail around €25.000 to €30.000, but good luck getting one without a waitlist. On the secondary market, prices often hit €35.000 to €70.000, with rarities like the 15202 going even higher. Compared to gold or platinum, steel is more accessible, sure—but in AP’s world, it’s also one of the most in-demand. Demand drives premiums, and limited supply keeps collectors scrambling. Steel might be humble by name, but in this game, it’s anything but basic.

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