How Much Is an Audemars Piguet? Every Collection Priced in 2026
Updated: August 2026.
Ask what an Audemars Piguet costs and you are mostly asking about one watch. Nine in ten of the 1,120 pre-owned AP listings on our book are a Royal Oak, an Offshore, or a Concept: the octagon is the market, and everything else is negotiation. The interesting part is everything else: the entry doors and quiet bargains in collections AP moved on from, starting at US$ 8,600 for a vintage dress piece in gold. This guide prices every collection, cheapest median first, each pinned to its cheapest live watch. Reference-level Royal Oak depth lives in our Audemars Piguet Royal Oak price guide, and the most popular Audemars Piguet watches on Wristcheck ranks desirability, a different question from cost.
At a Glance
Audemars Piguet prices follow the collection. Vintage and discontinued dress watches sit at the floor, the Millenary, Code 11.59 and Offshore fill the middle, and the Royal Oak and Concept set the ceiling. The further a collection sits from the octagon, the more watchmaking you get for the money.
- The brand's real floor – Vintage & Discontinued Audemars Piguet
- The oval nobody prices correctly – Audemars Piguet Millenary
- The cheapest way into the current catalog – Audemars Piguet Code 11.59
- The heavyweight middle – Audemars Piguet Royal Oak Offshore
- The price-setter itself – Audemars Piguet Royal Oak
- The engineering ceiling – Audemars Piguet Royal Oak Concept
Full comparison
Model Case Movement Price Year Vintage & Discontinued Audemars Piguet 27 mm yellow gold, square Not disclosed US$ 8,600 c. 1990s (discontinued) Audemars Piguet Millenary 39.5 mm frosted white gold, oval Cal. 3140, automatic, 50 h reserve US$ 27,000 c. 2019–2020 (discontinued) Audemars Piguet Code 11.59 41 mm steel Cal. 4302, automatic, 70 h reserve US$ 19,300 2023–present Audemars Piguet Royal Oak Offshore 42 mm steel, 300 m Cal. 3120, automatic, 60 h reserve US$ 20,800 c. 2015–2021 (discontinued) Audemars Piguet Royal Oak 41 mm steel Cal. 4302, automatic, 70 h reserve US$ 51,400 2023–present Audemars Piguet Royal Oak Concept 44 mm titanium & white ceramic Hand-wound tourbillon GMT US$ 125,600 c. 2014–2021 (discontinued)
Audemars Piguet prices follow the collection. Vintage and discontinued dress watches sit at the floor, the Millenary, Code 11.59 and Offshore fill the middle, and the Royal Oak and Concept set the ceiling. The further a collection sits from the octagon, the more watchmaking you get for the money.
- The brand's real floor – Vintage & Discontinued Audemars Piguet
- The oval nobody prices correctly – Audemars Piguet Millenary
- The cheapest way into the current catalog – Audemars Piguet Code 11.59
- The heavyweight middle – Audemars Piguet Royal Oak Offshore
- The price-setter itself – Audemars Piguet Royal Oak
- The engineering ceiling – Audemars Piguet Royal Oak Concept
Full comparison
| Model | Case | Movement | Price | Year |
|---|---|---|---|---|
| Vintage & Discontinued Audemars Piguet | 27 mm yellow gold, square | Not disclosed | US$ 8,600 | c. 1990s (discontinued) |
| Audemars Piguet Millenary | 39.5 mm frosted white gold, oval | Cal. 3140, automatic, 50 h reserve | US$ 27,000 | c. 2019–2020 (discontinued) |
| Audemars Piguet Code 11.59 | 41 mm steel | Cal. 4302, automatic, 70 h reserve | US$ 19,300 | 2023–present |
| Audemars Piguet Royal Oak Offshore | 42 mm steel, 300 m | Cal. 3120, automatic, 60 h reserve | US$ 20,800 | c. 2015–2021 (discontinued) |
| Audemars Piguet Royal Oak | 41 mm steel | Cal. 4302, automatic, 70 h reserve | US$ 51,400 | 2023–present |
| Audemars Piguet Royal Oak Concept | 44 mm titanium & white ceramic | Hand-wound tourbillon GMT | US$ 125,600 | c. 2014–2021 (discontinued) |
1. Vintage & Discontinued Audemars Piguet
AP's honest floor is a dress watch the brand never reissued
Before 1972, Audemars Piguet was a maker of thin gold dress watches, and the pre-owned market has never quite decided what those are worth. Brand-floor money today buys a vintage Audemars Piguet Carrée in yellow gold, a square-cased 27 mm piece from the era when AP's name lived in its casework.
AP never reissued its square and oval dress lines the way Cartier revived the Tank, so there's no modern catalog price pulling these upward. The result is a solid-gold watch from one of the three great Swiss houses at less than half of what the brand's cheapest current-catalog watch opens at.
These trade thinly, and resale takes patience. It's also the end of the market where provenance does the heavy lifting, and why each of these pieces gets checked in person by our watchmakers before it's listed at all.
Specs
Case: 27 mm yellow gold, square
Movement: Not disclosed
Signature: carrée (square) case from AP's pre-Royal Oak dress era
Reference: 14876.002
Year: c. 1990s (discontinued)
Approx. price: US$ 8,600
Market note: Wristcheck's book, August 2026: 30 vintage and discontinued dress AP listings (Carrée, Cobra, Star Wheel, Canapé, Jules Audemars, Edward Piguet), listed median US$ 12,950, six live. Source: Wristcheck feed, 20 Aug 2026.
AP's honest floor is a dress watch the brand never reissued
Before 1972, Audemars Piguet was a maker of thin gold dress watches, and the pre-owned market has never quite decided what those are worth. Brand-floor money today buys a vintage Audemars Piguet Carrée in yellow gold, a square-cased 27 mm piece from the era when AP's name lived in its casework.
AP never reissued its square and oval dress lines the way Cartier revived the Tank, so there's no modern catalog price pulling these upward. The result is a solid-gold watch from one of the three great Swiss houses at less than half of what the brand's cheapest current-catalog watch opens at.
These trade thinly, and resale takes patience. It's also the end of the market where provenance does the heavy lifting, and why each of these pieces gets checked in person by our watchmakers before it's listed at all.
Specs
Case: 27 mm yellow gold, square
Movement: Not disclosed
Signature: carrée (square) case from AP's pre-Royal Oak dress era
Reference: 14876.002
Year: c. 1990s (discontinued)
Approx. price: US$ 8,600
Market note: Wristcheck's book, August 2026: 30 vintage and discontinued dress AP listings (Carrée, Cobra, Star Wheel, Canapé, Jules Audemars, Edward Piguet), listed median US$ 12,950, six live. Source: Wristcheck feed, 20 Aug 2026.
2. Audemars Piguet Millenary
An oval that reads as a complication before you spot the actual one
The Millenary puts its movement on the front of the watch, off-center, where the dial should be, and the Millenary Philosophique in frosted white gold pushes that furthest: hand-hammered gold wrapped around an exposed calibre, in a shape AP stopped developing after 2019. Eight Millenaries have passed through our book against the Royal Oak's 690, two live now. Ovals sit wider than their diameter suggests, so a 39.5 mm Millenary covers more wrist than the number implies.
Specs
Case: 39.5 mm frosted white gold, oval
Movement: Cal. 3140, automatic, 50 h reserve
Signature: off-center dial exposing the movement on the wrist side
Reference: 77266BC.GG.A326CR.01
Year: c. 2019–2020 (discontinued)
Approx. price: US$ 27,000
Market note: Eight Millenary listings have ever crossed Wristcheck's book, listed median US$ 18,750, two live in August 2026: scarcity without a waiting list. Source: Wristcheck feed, 20 Aug 2026.
An oval that reads as a complication before you spot the actual one
The Millenary puts its movement on the front of the watch, off-center, where the dial should be, and the Millenary Philosophique in frosted white gold pushes that furthest: hand-hammered gold wrapped around an exposed calibre, in a shape AP stopped developing after 2019. Eight Millenaries have passed through our book against the Royal Oak's 690, two live now. Ovals sit wider than their diameter suggests, so a 39.5 mm Millenary covers more wrist than the number implies.
Specs
Case: 39.5 mm frosted white gold, oval
Movement: Cal. 3140, automatic, 50 h reserve
Signature: off-center dial exposing the movement on the wrist side
Reference: 77266BC.GG.A326CR.01
Year: c. 2019–2020 (discontinued)
Approx. price: US$ 27,000
Market note: Eight Millenary listings have ever crossed Wristcheck's book, listed median US$ 18,750, two live in August 2026: scarcity without a waiting list. Source: Wristcheck feed, 20 Aug 2026.
3. Audemars Piguet Code 11.59
More case engineering per dollar than anything else AP currently makes
Look at the case before the dial: a round bezel and an octagonal middle case stacked into one construction, with lugs soldered thin enough to pass light. That sandwich costs more to machine than most of what sells above it, and the market doesn't pay for it.
Seven years after its bruising 2019 debut, the market still prices the collection on how it landed. In November 2023 the Code 11.59 Ultra-Complication Universelle RD#4, twenty-three complications and seven years in development, took the Aiguille d'Or, watchmaking's top prize at the GPHG, and steel models joined the line that same year.
The green-dial Code 11.59 Selfwinding in steel is the cheapest live route into AP's current catalog, and it has already absorbed the depreciation the Royal Oak refuses to, though it'll take longer to resell than any Oak. It's also rated to 30 m, which makes it a suit-and-desk watch.
Specs
Case: 41 mm steel
Movement: Cal. 4302, automatic, 70 h reserve
Signature: octagonal middle case under a round bezel, open-worked lugs
Reference: 15210ST.OO.A056KB.01
Year: 2023–present
Approx. price: US$ 19,300
Market note: Morgan Stanley and WatchCharts' Q2 2026 value-retention data puts the Code 11.59 at 33% below retail while the Royal Oak trades 36% above it, and AP's January 2026 US price rise (+7.5% on average) lifted Royal Oak prices considerably more than Code prices. Sources: Morgan Stanley via WatchPro and WatchGuys, June 2026; WatchPro, January 2026.
More case engineering per dollar than anything else AP currently makes
Look at the case before the dial: a round bezel and an octagonal middle case stacked into one construction, with lugs soldered thin enough to pass light. That sandwich costs more to machine than most of what sells above it, and the market doesn't pay for it.
Seven years after its bruising 2019 debut, the market still prices the collection on how it landed. In November 2023 the Code 11.59 Ultra-Complication Universelle RD#4, twenty-three complications and seven years in development, took the Aiguille d'Or, watchmaking's top prize at the GPHG, and steel models joined the line that same year.
The green-dial Code 11.59 Selfwinding in steel is the cheapest live route into AP's current catalog, and it has already absorbed the depreciation the Royal Oak refuses to, though it'll take longer to resell than any Oak. It's also rated to 30 m, which makes it a suit-and-desk watch.
Specs
Case: 41 mm steel
Movement: Cal. 4302, automatic, 70 h reserve
Signature: octagonal middle case under a round bezel, open-worked lugs
Reference: 15210ST.OO.A056KB.01
Year: 2023–present
Approx. price: US$ 19,300
Market note: Morgan Stanley and WatchCharts' Q2 2026 value-retention data puts the Code 11.59 at 33% below retail while the Royal Oak trades 36% above it, and AP's January 2026 US price rise (+7.5% on average) lifted Royal Oak prices considerably more than Code prices. Sources: Morgan Stanley via WatchPro and WatchGuys, June 2026; WatchPro, January 2026.
4. Audemars Piguet Royal Oak Offshore
Muscle-car Oak, priced a generation behind its own history
For: anyone who tried a Royal Oak, liked it, and wanted more of it.
The Offshore's 42 to 44 mm cases carry real mass, and where a Royal Oak flattens out and disappears under a cuff, an Offshore sits up and stays there. Ceramic bezels, rubber-clad crowns, and forged carbon all landed in this line first. Our cheapest live example is the white-dial Royal Oak Offshore Diver 15710ST, from a generation AP stopped building in 2021, so pre-owned isn't the cheaper way into one, it's the only way.
Emmanuel Gueit drew the original 1993 Offshore at 42 mm to provoke, and the provocation aged into a franchise: 299 Offshore listings sit on our book today, second only to the Royal Oak itself. Discontinued generations are the value lane here, since the line's steady case-and-calibre updates push yesterday's Offshore down while the Royal Oak's equivalents barely move.
Specs
Case: 42 mm steel, 300 m
Movement: Cal. 3120, automatic, 60 h reserve
Signature: second crown at 10 o'clock driving the internal dive bezel
Reference: 15710ST.OO.A010CA.01
Year: c. 2015–2021 (discontinued)
Approx. price: US$ 20,800
Market note: Morgan Stanley's Q2 2026 data has in-production Offshores at 23% above retail against the Royal Oak's 36%, while the current Diver 15720ST lists at US$ 32,900 in the US and the outgoing 15710 generation opens at US$ 20,800 on our live book. Sources: Morgan Stanley via WatchGuys, June 2026; Luxury Bazaar, August 2026; Wristcheck feed, 20 Aug 2026.
Muscle-car Oak, priced a generation behind its own history
For: anyone who tried a Royal Oak, liked it, and wanted more of it.
The Offshore's 42 to 44 mm cases carry real mass, and where a Royal Oak flattens out and disappears under a cuff, an Offshore sits up and stays there. Ceramic bezels, rubber-clad crowns, and forged carbon all landed in this line first. Our cheapest live example is the white-dial Royal Oak Offshore Diver 15710ST, from a generation AP stopped building in 2021, so pre-owned isn't the cheaper way into one, it's the only way.
Emmanuel Gueit drew the original 1993 Offshore at 42 mm to provoke, and the provocation aged into a franchise: 299 Offshore listings sit on our book today, second only to the Royal Oak itself. Discontinued generations are the value lane here, since the line's steady case-and-calibre updates push yesterday's Offshore down while the Royal Oak's equivalents barely move.
Specs
Case: 42 mm steel, 300 m
Movement: Cal. 3120, automatic, 60 h reserve
Signature: second crown at 10 o'clock driving the internal dive bezel
Reference: 15710ST.OO.A010CA.01
Year: c. 2015–2021 (discontinued)
Approx. price: US$ 20,800
Market note: Morgan Stanley's Q2 2026 data has in-production Offshores at 23% above retail against the Royal Oak's 36%, while the current Diver 15720ST lists at US$ 32,900 in the US and the outgoing 15710 generation opens at US$ 20,800 on our live book. Sources: Morgan Stanley via WatchGuys, June 2026; Luxury Bazaar, August 2026; Wristcheck feed, 20 Aug 2026.
5. Audemars Piguet Royal Oak
The watch that decides what every other AP is allowed to cost
The Royal Oak is 690 of our 1,120 Audemars Piguet listings, 160 of them live, and its live median runs to six figures, more than double the Offshore's and the Code's. When someone asks how much an AP costs, this is the number they're actually asking about.
Royal Oak pricing tracks generation. The current-generation Royal Oak Selfwinding 15510ST in steel shares our live book with the transitional 15500 and the discontinued 15400, and to be clear, that's the same 41 mm steel watch three times over, separated mostly by dial details and a calibre update. Each generation step costs about a sixth more than the one before it on our August 2026 live pricing, and within any one of them condition and completeness move the number again.
That makes the sharpest Royal Oak buys the ones a generation behind the catalog, where you're paying less for a watch that's barely different. Those listings spread across 308 separate model pages, and only 32 references have ever reached five listings, so the comparable-price depth is thinner than the headline count suggests.
Above the steel selfwinding sit the escalators. The 34 mm and 37 mm cases open lower, chronographs add roughly a third again, and the "Jumbo" Extra-Thin 16202, the direct descendant of Gérald Genta's 1972 original, opens at a wide premium over the current selfwinding on our live book.
Morgan Stanley's Q2 2026 read puts the in-production Royal Oak at 36% above retail, the strongest value retention of any AP line, while across everything AP makes the figure is 3%. AP says the scarcity behind that is deliberate.
CEO Ilaria Resta told Oracle of Time in December 2025 that "we do not produce enough to meet demand," and the volumes back her up: on Morgan Stanley's 2025 estimates AP built about 53,000 watches against Rolex's 1.15 million, and it now sells roughly 90% of them through its own boutiques and AP Houses, having walked away from multi-brand wholesale altogether.
Specs
Case: 41 mm steel
Movement: Cal. 4302, automatic, 70 h reserve
Signature: octagonal bezel on eight hexagonal white-gold screws, integrated bracelet
Reference: 15510ST.OO.1320ST.07
Year: 2023–present
Approx. price: US$ 51,400
Market note: Same-model generational spread on Wristcheck's live book, August 2026: 15400ST from US$ 38,500, 15500ST from US$ 44,500, 15510ST from US$ 51,400. Two generations back saves roughly a quarter. The "Jumbo" Extra-Thin 16202ST lists at US$ 40,100 US retail after January's increase and trades at roughly US$ 70,000–88,800 on US dealer books, higher still on ours. Sources: Wristcheck feed, 20 Aug 2026; 5D Watches, June 2026.
The watch that decides what every other AP is allowed to cost
The Royal Oak is 690 of our 1,120 Audemars Piguet listings, 160 of them live, and its live median runs to six figures, more than double the Offshore's and the Code's. When someone asks how much an AP costs, this is the number they're actually asking about.
Royal Oak pricing tracks generation. The current-generation Royal Oak Selfwinding 15510ST in steel shares our live book with the transitional 15500 and the discontinued 15400, and to be clear, that's the same 41 mm steel watch three times over, separated mostly by dial details and a calibre update. Each generation step costs about a sixth more than the one before it on our August 2026 live pricing, and within any one of them condition and completeness move the number again.
That makes the sharpest Royal Oak buys the ones a generation behind the catalog, where you're paying less for a watch that's barely different. Those listings spread across 308 separate model pages, and only 32 references have ever reached five listings, so the comparable-price depth is thinner than the headline count suggests.
Above the steel selfwinding sit the escalators. The 34 mm and 37 mm cases open lower, chronographs add roughly a third again, and the "Jumbo" Extra-Thin 16202, the direct descendant of Gérald Genta's 1972 original, opens at a wide premium over the current selfwinding on our live book.
Morgan Stanley's Q2 2026 read puts the in-production Royal Oak at 36% above retail, the strongest value retention of any AP line, while across everything AP makes the figure is 3%. AP says the scarcity behind that is deliberate.
CEO Ilaria Resta told Oracle of Time in December 2025 that "we do not produce enough to meet demand," and the volumes back her up: on Morgan Stanley's 2025 estimates AP built about 53,000 watches against Rolex's 1.15 million, and it now sells roughly 90% of them through its own boutiques and AP Houses, having walked away from multi-brand wholesale altogether.
Specs
Case: 41 mm steel
Movement: Cal. 4302, automatic, 70 h reserve
Signature: octagonal bezel on eight hexagonal white-gold screws, integrated bracelet
Reference: 15510ST.OO.1320ST.07
Year: 2023–present
Approx. price: US$ 51,400
Market note: Same-model generational spread on Wristcheck's live book, August 2026: 15400ST from US$ 38,500, 15500ST from US$ 44,500, 15510ST from US$ 51,400. Two generations back saves roughly a quarter. The "Jumbo" Extra-Thin 16202ST lists at US$ 40,100 US retail after January's increase and trades at roughly US$ 70,000–88,800 on US dealer books, higher still on ours. Sources: Wristcheck feed, 20 Aug 2026; 5D Watches, June 2026.
6. Audemars Piguet Royal Oak Concept
Where AP spends its complications budget
The Concept line began in 2002 as a one-off concept-car exercise for the Royal Oak's 30th birthday, a 150-piece limited edition, and never stopped: sapphire and ceramic architecture, and movements built as visible machinery. Nine of them are live on our book at a median above everything else AP makes, and the Royal Oak Concept GMT Tourbillon in sandblasted titanium and white ceramic is where that collection starts.
On a Concept the "dial" is the movement's own upper bridge, machinery standing in for decoration. This is the collection you cross-shop against a Richard Mille, and against an RM it reads almost reasonably priced.
Specs
Case: 44 mm titanium & white ceramic
Movement: Hand-wound tourbillon GMT
Signature: bridge-as-dial architecture, no conventional dial plate
Reference: 26560IO.OO.D002CA.01.A
Year: c. 2014–2021 (discontinued)
Approx. price: US$ 125,600
Where AP spends its complications budget
The Concept line began in 2002 as a one-off concept-car exercise for the Royal Oak's 30th birthday, a 150-piece limited edition, and never stopped: sapphire and ceramic architecture, and movements built as visible machinery. Nine of them are live on our book at a median above everything else AP makes, and the Royal Oak Concept GMT Tourbillon in sandblasted titanium and white ceramic is where that collection starts.
On a Concept the "dial" is the movement's own upper bridge, machinery standing in for decoration. This is the collection you cross-shop against a Richard Mille, and against an RM it reads almost reasonably priced.
Specs
Case: 44 mm titanium & white ceramic
Movement: Hand-wound tourbillon GMT
Signature: bridge-as-dial architecture, no conventional dial plate
Reference: 26560IO.OO.D002CA.01.A
Year: c. 2014–2021 (discontinued)
Approx. price: US$ 125,600
Final Thoughts
If we were spending our own money it would go on the green-dial Code 11.59 Selfwinding. The Royal Oak holds its value better and sells faster, and that's what the premium buys. The Code puts current-catalog AP engineering at what a discontinued Offshore costs. Distance from the octagon is where this brand hides its value, and the Code is as far out as you can go and still buy a watch AP is making today.
Every watch listed on Wristcheck is fully authenticated, transparently priced, and curated with collectors in mind. Whether you're searching for your first Audemars Piguet or need a second opinion before making the leap, our team is here to help.
Start browsing, or reach out if you're ready to lock in the right piece.
If we were spending our own money it would go on the green-dial Code 11.59 Selfwinding. The Royal Oak holds its value better and sells faster, and that's what the premium buys. The Code puts current-catalog AP engineering at what a discontinued Offshore costs. Distance from the octagon is where this brand hides its value, and the Code is as far out as you can go and still buy a watch AP is making today.
Every watch listed on Wristcheck is fully authenticated, transparently priced, and curated with collectors in mind. Whether you're searching for your first Audemars Piguet or need a second opinion before making the leap, our team is here to help.
Start browsing, or reach out if you're ready to lock in the right piece.