How Much Does An Audemars Piguet Royal Oak Cost?
In the luxury watch world, a handful of models have reached “hype watch” status, and the Audemars Piguet Royal Oak is a prime example. Its popularity has surged in the past 6-7 years in particular, leading to limited availability at AP boutiques and soaring prices on the secondary market. So how much do Audemars Piguet Royal Oak watches cost? Well, it depends on the model, and in some cases there are more affordable older pre-owned models to consider We’ll break it down.
2026 Audemars Piguet Royal Oak list prices start at $19,900 for a 33mm stainless steel model with a quartz movement, while automatic 37mm models start at $30,400. But true market pricing is often higher, and the most exotic grand complications and gem-set options can even push prices into seven figures.
But there’s a lot more to the Royal Oak market than just current models. Audemars Piguet has been making the Royal Oak since the early 1970s. It has spawned countless variations in size, material, complications, and design — like the Royal Oak Offshore and Royal Oak Concept offshoots. If you’re looking to understand Audemars Piguet Royal Oak price ranges cost across the board — vintage or modern, men’s or women’s, new or pre-owned — keep reading. We’ve got everything you need to know.
Brief History of the Audemars Piguet Royal Oak
The Royal Oak is, without a doubt, Audemars Piguet’s most iconic watch. It also holds the distinction of being the world’s first true luxury sports watch, launched in 1972 — a release that forever changed the landscape of modern horology.
Designed by legendary watchmaker Gerald Genta, the Royal Oak made its debut at the annual Swiss Watch Show (later renamed Baselworld). Its design was revolutionary: an octagonal bezel secured by eight visible screws, a seamless integrated bracelet, and a textured dial displaying the time and date.
Perhaps most radical of all was the fact that the original Royal Oak was made from stainless steel but priced like a gold watch — or in some cases, even more. The steel Royal Oak’s inaugural 3300 CHF price tag was roughly 4x that of a Rolex Submariner–an MSRP ratio that still holds to this day (roughly $40,000 for a 2026 Jumbo vs. $10,000 for today’s Submariner). This bold pricing move by Audemars Piguet signaled that the Royal Oak was something entirely new: a high-end sports watch for the modern elite.
The debut model, reference 5402, quickly earned the nickname “Jumbo.” While 39mm may not seem oversized by today’s standards, it was unusually large in the early 1970s. Even so, the case remained impressively thin at just 7mm, thanks to the ultra-slim Caliber 2121 — itself based on the Caliber 2120 but modified to include a date function.
Audemars Piguet celebrated the Royal Oak’s 50th anniversary in 2022 with a wave of new releases, including updated Jumbo references. A few more Royal Oak “Jumbo” iterations followed over the next few years.
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What Impacts the Price of an Audemars Piguet Royal Oak?
Before diving into how much Audemars Piguet Royal Oak watches cost, it’s important to understand five factors that influence their pricing: complication, material, size, dial color, and age (usually in that order). There are two-hand Royal Oaks, flagship models with multiple high complications, and everything in between. You can see our guide to AP Royal Oak complications to see the long list of impressive movements they’ve offered, but now let’s dive more into case and bracelet materials.
The two letters in the model number tell you about what those materials are:
Audemars Piguet Model Number Material Codes
- BA: Yellow Gold
- BC: White Gold
- ST: Steel
- OR: Rose Gold
- PT: Platinum
- TI: Titanium
- CE: Ceramic
- SR: Steel/Rose Gold
- SA: Steel/Yellow Gold
- SN: Steel with black coating
For example, ref. 15500ST denotes a steel model, while ref. 15500OR denotes a rose gold variant and so forth.
How Much Does An Audemars Piguet Royal Oak Jumbo Cost?
When you hear the term Royal Oak “Jumbo”, it refers to the original Royal Oak ref. 5402ST or the subsequent references produced in its image. These Jumbo models are officially known as Extra-Thin Royal Oaks and are characterized by four key traits:
- Fatter bezel than other Royal Oaks
- 39mm case diameter
- No seconds hand — just hours and minutes
- An ultra-slim automatic movement (originally the Caliber 2121, now upgraded to Caliber 7121)
Audemars Piguet has made several generations of the RO Jumbo since 1972. Here’s a list of the various Jumbo references and their introduction years.
- 1972: Royal Oak Jumbo ref. 5402
- Series A (total of 2,000 examples made)
- Series B (total of 1,000 examples made
- Series C
- Series D
- 1992: Royal Oak Jumbo ref. 14802 Jubilee (limited to 1,000 pieces) to celebrate the 20th Anniversary
- 1996: Royal Oak Jumbo ref. 15002 (very low production, by some estimates less than 200 examples)
- 2000: Royal Oak Jumbo ref. 15202
- 2012: Redesigned Royal Oak Jumbo ref. 15202 to celebrate the 40th Anniversary
- 2022: Royal Oak Jumbo ref. 16202 to celebrate 50th Anniversary, fitted with a new Caliber 7121
While most Jumbo references feature closed dials, Audemars Piguet has also produced Extra-Thin Openworked versions for collectors looking for a more elaborate display of movement architecture.
Among all these, the original A-Series ref. 5402 remains one of the most sought-after by collectors — it’s the very first Royal Oak, after all. That said, it’s not always the most expensive on the market. Prices can vary widely depending on condition, provenance, and rarity.
AP Royal Oak Jumbo Watch Prices
| Royal Oak Jumbo Ref. | Note | MSRP January 2026 | Average Market Price 2026 |
| 16202ST | Current stainless steel Jumbo, debuted 2022 (50th anniversary of RO) | $40,100 | $80,000 |
| 16202BA | As above but yellow gold | $96,400 | $128,000 |
| 16204BA | Yellow gold + skeletonized, debuted 2023 | ~$123,000 | $188,000 |
| 16204BC | White gold + skeletonized, debuted 2024 | ~$140,000 | $200,000 |
| 15202ST | Stainless steel Jumbo, debuted 2012 (40th anniversary of RO) | (Discontinued) | $49,000 (+$10,000 for blue dial) |
| 15202BA | As above but yellow gold | (Discontinued) | $98,000 |
| 5402ST | The original Royal Oak | (Discontinued) | $68,000 |
| 5402BA | As above but yellow gold | (Discontinued) | $82,500 |
| 5402SA | As above but two-tone (steel/yellow gold) | (Discontinued) | $43,000 |
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How Much Does An Audemars Piguet Royal Oak Selfwinding Cost?
“Standard” might not be the perfect term, but in general, a standard Audemars Piguet Royal Oak refers to the regular production models featuring time and date displays. While the Royal Oak Jumbos are especially prized by collectors, these mainstream variants — officially known as Royal Oak Selfwinding models — appeal to a much broader audience. When most people picture a Royal Oak, it’s usually this “standard” style they’re thinking of.
The standard Royal Oak collection is also far more expansive, covering a wider range of sizes, metals, and dial colors. Audemars Piguet officially kicked off this line with the launch of the Royal Oak Selfwinding ref. 15300 in 2005. While the 15300 kept the familiar 39mm diameter of the Jumbo, it introduced a thicker case, a sturdier bracelet, and a different movement: the Caliber 3120 with a central seconds hand. That’s one of the easiest ways to distinguish a Royal Oak Jumbo from a mainstream Selfwinding model — Jumbos lack a seconds hand, while Selfwinding versions include one.
There have been several variations and references of the standard Royal Oak Selfwinding over the last two decades. Here’s a chart of list prices vs. true market pricing as of 2026:
| Model | Years Produced | MSRP January 2026 | Average Market Price 2026 |
| Royal Oak Selfwinding 41 ref. 15510ST | 2022+ | $31,900 | $46,560 |
| Royal Oak Selfwinding 41 ref. 15510OR | 2022+ | $52,100 (Strap) $78,600 (Bracelet) | $54,000 (Strap) $92,000 (Bracelet) |
| Royal Oak Selfwinding 41 ref. 15500ST | 2019-2022 | (Discontinued) | $37,850 |
| Royal Oak Selfwinding 41 ref. 15500OR | 2019-2022 | (Discontinued) | $50,000 (Strap) $83,000 (Bracelet) |
| Royal Oak Selfwinding 37 ref. 15550ST | 2022+ | $30,400 | $40,200 |
| Royal Oak Selfwinding 37 ref. 15550SR | 2022+ | $36,200 | $48,000 |
| Royal Oak Selfwinding 37 ref. 15550BA | 2022+ | $75,700 | $120,000 |
| Royal Oak Selfwinding 37 ref. 15450ST | 2012-2022 | (Discontinued) | $34,000 |
| Royal Oak Selfwinding 37 ref. 15450SR | 2012-2022 | (Discontinued) | $34,000 |
| Royal Oak Selfwinding 37 ref. 15450OR | 2012-2022 | (Discontinued) | $35,000 (Strap) $67,000 (Bracelet) |
| Royal Oak Selfwinding 34 ref. 77450ST | 2022+ | $29,200 | $42,500 |
| Royal Oak Selfwinding 34 ref. 77450SR | 2022+ | $33,300 | $42,500 |
How Much Does A Midsize Audemars Piguet Royal Oak Cost?
We should also mention the “midsize” Royal Oak Selfwinding models (which are 36mm aside from the 35mm ref. 4100). They were offered from about 1977-2006.
While Audemars Piguet no longer makes them, pre-owned “midsize” Royal Oak models (36mm aside from the 35mm ref. 4100) are still popular in the secondary market. AP toyed with several revisions before landing on the 14790 family, which lasted almost 15 years. Here’s a list of the various midsize Audemars Piguet Royal Oak reference generations and the year they were introduced:
Midsize AP Royal Oak Watch Prices
| Midsize Royal Oak Ref. | Yeras Produced | Avg. Market Price 2026 |
| 4100ST | 1977-1982 | $28,000 |
| 4100SA | 1977-1982 | $22,000 |
| 4100BA | 1977-1982 | $35,000 |
| 4332ST | 1982-1985 | $30,000 |
| 4332SA | 1982-1985 | $35,000 |
| 4332BA | 1982-1985 | $43,500 |
| 14332ST | 1985-1988 | $31,000 |
| 14332SA | 1985-1988 | $36,500 |
| 14332BA | 1985-1988 | $45,000 |
| 14700ST | 1988-1991 | $40,000 |
| 14700SA | 1988-1991 | $27,000 |
| 14700BA | 1988-1991 | $43,500 |
| 14790ST | 1992-2006 | $31,000 |
| 14790SA | 1992-2006 | $22,500 |
| 14790BA | 1992-2006 | $45,500 |
How Much Does A Ladies’ Audemars Piguet Royal Oak Cost?
While we’ve covered some of the ladies’ Audemars Piguet Royal Oak watch costs above with the 37mm and 34mm selfwinding models, AP does also make some even smaller, quartz-powered ones too. These are available in 33mm and as of 2024, Audemars Piguet revived the even smaller Royal Oak Mini in a petite 23mm size to immense success.
Ladies’ AP Royal Oak (Quartz) Watch Prices
| Ladies’ Royal Oak Model | MSRP Jan. 2026 | Avg. Market Price 2026 |
| Royal Oak Quartz 33mm ref. 67650ST | $19,900 | $25,000 |
| Diamond Royal Oak Quartz 33mm ref. 67651ST | $26,100 | $29,000 |
| Diamond Royal Oak Quartz 33mm ref. 67651SR | $30,400 | $39,000 |
| Royal Oak Mini Frosted Yellow Gold 23mm ref. 67630BA | $41,100 | $88,000 |
| Royal Oak Mini Frosted White Gold 23mm ref. 67630BC | $41,100 | $88,000 |
| Royal Oak Mini Frosted Rose Gold 23mm ref. 67630OR | $41,100 | $88,000 |
How Much Does An Audemars Piguet Royal Oak Chronograph Cost?
One of the most popular variations of the RO is the Royal Oak Chronograph, which debuted in 1998. Since then, AP has made several generations of the Royal Oak Chronograph, including some variations with leather straps instead of metal bracelets.
- 1998: Royal Oak Chronograph 39mm ref. 25860ST
- 1998: Royal Oak Chronograph 39mm ref. 25960BA, 25960BC, and 25960OR in gold
- 2008: Royal Oak Chronograph 39mm ref. 26300ST
- 2008: Royal Oak Chronograph 39mm ref. 26022BA, 26022OR, and 26022BC in gold
- 2012: Royal Oak Chronograph 41mm ref. 26320
- 2017: Royal Oak Chronograph 41mm ref. 26331
- 2019: Royal Oak Chronograph 38mm ref. 26315
- 2022: Royal Oak Chronograph 41mm ref. 26240
- 2022: Royal Oak Chronograph 38mm ref. 26715
In addition to the above regular production Royal Oak Chronographs, AP also made a handful of limited edition and special edition models.
Audemars Piguet Royal Oak Chronograph Prices
| Royal Oak Chronograph Model | MSRP Jan. 2026 | Avg. Market Price 2026 |
| Royal Oak Chronograph 41mm ref. 26240ST | $44,400 | $50,500 |
| Royal Oak Chronograph 41mm ref. 26240BA | $86,300 | $124,000 |
| Royal Oak Chronograph 41mm ref. 26240OR | $93,400 | $110,000 |
| Royal Oak Chronograph 41mm ref. 26240CE | $88,900 | $122,250 |
| Royal Oak Chronograph 41mm ref. 26331ST | (Discontinued) | $40,000 |
| Royal Oak Chronograph 41mm ref. 26331BA | (Discontinued) | $113,000 |
| Royal Oak Chronograph 41mm ref. 26331OR | (Discontinued) | $55,000 (Strap) $85,000 (Bracelet) |
| Royal Oak Chronograph 38mm ref. 26715ST | $41,500 | $43,800 |
| Royal Oak Chronograph 38mm ref. 26715OR | $84,500 | $91,500 |
| Royal Oak Chronograph 38mm ref. 26315ST | $39,300 | $41,700 |
| Royal Oak Chronograph 38mm ref. 26315OR | $79,400 | $70,000 |
How Much Does A Complicated Audemars Piguet Royal Oak Cost?
Before the Royal Oak, Audemars Piguet was already celebrated for its expertise in high-end mechanical watchmaking, particularly with complications like perpetual calendars, tourbillons, and minute repeaters. So it was only a matter of time before the brand began applying that technical mastery to the Royal Oak. In 1984, AP launched the first Royal Oak Perpetual Calendar, followed by the introduction of the Royal Oak Tourbillon in 1997.
Today, the Audemars Piguet catalog is filled with complicated Royal Oak models — and as you might expect, they can be ultra-expensive. Some complicated Royal Oaks have been released as collaborations too, including partnerships with Cactus Jack and John Mayer.. Most recently, in 2025, Audemars Piguet unveiled a brand-new Royal Oak Perpetual Calendar with a major upgrade: it can now be fully adjusted via the crown instead of traditional case pushers. Royal Oak prices of models with complications are typically in the six-figure range, sometimes even reaching seven figures.
Complicated Audemars Piguet Royal Oak Prices
| Complicated Royal Oak Model | MSRP Jan. 2026 | Avg. Market Price 2026 |
| Royal Oak Grande Complication ref. 26605CB | ~$1 million | $1.1 million |
| Royal Oak Perpetual Calendar ref. 26674ST | $124,200 | $175,000 |
| Royal Oak Perpetual Calendar John Mayer ref. 26574BC | ~$195,000 | $318,000 |
| Royal Oak Perpetual Calendar ref. 26574ST | $124,200 | $120,000 (+$50,000 for light blue dial) |
| Royal Oak Perpetual Calendar ref. 26574BA | (Discontinued) | $162,500 |
| Royal Oak Double Balance Wheel Openworked ref. 15407ST | $86,800 | $150,000 |
| Royal Oak Selfwinding Flying Tourbillon ref. 26730ST | ~$180,000 | $155,000 (Grey dial) $190,000 (Blue dial) $275,000 (Burgundy dial) |
| Royal Oak Selfwinding Flying Tourbillon Openworked ref. 26735SG | ~$310,000 | $480,000 |
| Royal Oak Selfwinding Flying Tourbillon Extra-Thin (RD#3) ref. 26660BC | ~$310,000 | $310,000 |
| Royal Oak Selfwinding Flying Tourbillon ref. 26530ST | (Discontinued) | $189,200 |
| Royal Oak Minute Repeater Supersonnerie Ref. 26591TI | (Discontinued) | $372,000 |
How Much Does An Audemars Piguet Royal Oak Offshore Cost?
In 1993, Audemars Piguet launched the Royal Oak Offshore Chronograph to celebrate the Royal Oak’s 20th anniversary (albeit a year late, as production delays pushed the release).
Developed for a younger audience, the Offshore offered a contemporary take on the original, featuring an oversized 42mm case, rubber-clad pushers and crown, a visible gasket under the eight-sided bezel, and a dial with bolder, more exaggerated details. While the original Royal Oak picked up the “Jumbo” nickname, the first Royal Oak Offshore quickly earned the nickname “The Beast.”
Audemars Piguet soon expanded the Offshore line to include a wide range of chronographs, divers, and other complications — often incorporating modern materials like ceramic and rubber.
Over the years, AP has produced several generations of the standard Royal Oak Offshore Selfwinding Chronograph 42mm:
- 1993: Royal Oak Offshore Chronograph 42mm ref. 25721
- 1996: Royal Oak Offshore Chronograph 42mm “Tropical” ref. 25770
- 2005 Royal Oak Offshore Chronograph 42mm “Themes” ref. 26170
- 2014: Royal Oak Offshore Chronograph 42mm ref. 26470
- 2021: Royal Oak Offshore Selfwinding Chronograph 42mm ref. 26238
Other case sizes eventually joined the Offshore Selfwinding lineup, including 37mm, 43mm, and 44mm versions. References include:
- Royal Oak Offshore Selfwinding Chronograph 44mm ref. 26405
- Royal Oak Offshore Selfwinding Chronograph 43mm ref. 26420
- Royal Oak Offshore Selfwinding Chronograph 37mm ref. 26231
Particularly noteworthy versions of the ROO are the Royal Oak Offshore Diver models.
- 2010: Royal Oak Offshore Diver ref. 15703
- 2016: Royal Oak Offshore Diver Chronograph 42mm ref. 26703
- 2017: Royal Oak Offshore Diver ref. 15710
- 2021: Royal Oak Offshore Diver 42mm ref. 15720
And finally, it’s important to point out that Audemars Piguet has made plenty of complicated ROO models, including Royal Oak Offshore Perpetual Calendar, Royal Oak Offshore Tourbillon, Royal Oak Offshore Grand Complication, and many others.
Audemars Piguet Royal Oak Offshore Prices
| Royal Oak Offshore Model | MSRP May 2026 | Avg. Market Price 2026 |
| Royal Oak Offshore Chronograph 42mm ref. 26238ST | $43,200 (Strap) $51,400 (Bracelet) | $44,000 |
| Royal Oak Offshore Chronograph 42mm ref. 26238OR | $107,900 | $88,000 |
| Royal Oak Offshore Chronograph 42mm ref. 26238CE | $95,900 | $88,000 |
| Royal Oak Offshore Chronograph 43mm ref. 26420SO | $47,300 | $32,600 |
| Royal Oak Offshore Chronograph 43mm ref. 26420RO | $71,900 | $51,200 |
| Royal Oak Offshore Chronograph 43mm ref. 26420CE | $63,900 | $52,250 |
| Royal Oak Offshore Chronograph 37mm ref. 26231ST | $43,900 | $35,500 |
| Royal Oak Diver ref. 15720ST | $33,600 | $24,200 |
| Royal Oak Diver ref. 15720CN | $74,000 | $39,000 |
How Much Does An Audemars Piguet Royal Oak Concept Cost?
Beyond the classic Royal Oak and the sportier Royal Oak Offshore, Audemars Piguet also introduced the Royal Oak Concept collection in 2002 to mark the 30th anniversary of the original model.
The Royal Oak Concept line takes a more experimental approach, combining futuristic designs, cutting-edge materials, and highly complicated movements. While unmistakably Royal Oak at its core, the Concept models are bold, avant-garde, and represent some of the most technically ambitious watches Audemars Piguet has ever produced. That’s why Royal Oak Concept prices are always over $100,000.
Audemars Piguet Royal Oak Concept Prices
All Royal Oak Concept models are “price upon request” (MSRPs aren’t public) so the below costs reflect average market prices.
| Royal Oak Concept Model | Avg. Market Price 2026 |
| Royal Oak Concept Flying Tourbillon GMT ref. 26589IO | $128,500 |
| Royal Oak Concept Tourbillon “Companion” ref. 26656TI | $435,000 |
| Royal Oak Concept Split-Seconds Chronograph GMT Large Date ref. 26650FO | $205,000 |
| Royal Oak Concept Split-Seconds Chronograph GMT Large Date ref. 26650TI | $140,000 |
| Royal Oak Concept Tourbillon “Spider-Man” ref. 26631IO | $262,500 |
| Royal Oak Concept Tourbillon “Black Panther” ref. 26620IO | $230,000 |
Final Thoughts
While this is a comprehensive overview of vintage, discontinued, and current Royal Oak prices, it doesn’t cover every RO model ever made. However, you can use it as a reliable guide when researching Royal Oak price ranges for the model you’re looking to buy.
We also have an Audemars Piguet watch price guide that visualizes the gap between retail and true market price.
As always, feel free to reach out to us at LuxuryBazaar.com about any Audemars Piguet Royal Oak price inquiries — whether we have it in stock at the best price or can source it for you.
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