Two Tone Audemars Piguet Watches

Buying Advice

About Two-Tone Audemars Piguet Watches

Two-tone Audemars Piguet watches combine stainless steel with 18k yellow gold or rose gold, blending the durability and price advantage of steel with the warmth and prestige of solid gold. The configuration was widely used on 1980s and 1990s vintage Royal Oak references like the 14790 and 56023, and continues today on 36mm and 37mm Selfwinding references like the 25594 and 15450SR. AP uses the suffix SR to identify steel and rose gold combinations, and various combinations of ST and BA suffixes for steel and yellow gold pairings. Two-tone is the most accessible entry point into Audemars Piguet ownership, with vintage references regularly trading below $20,000. Our pre-owned and unworn two-tone Audemars Piguet collection at WatchGuys is fully authenticated, backed by a 2-year warranty, and ships overnight nationwide.

Which Audemars Piguet Models Come in Two-Tone?

Two-tone has appeared across the Royal Oak collection for decades. The vintage Audemars Piguet Royal Oak 56023 from the 1980s is one of the most iconic two-tone Royal Oaks, with a 36mm case combining steel and yellow gold, paired with a Petite Tapisserie dial. Its successor the Royal Oak 25594 continues the 36mm two-tone tradition into the 1990s and 2000s. On the modern side, the Royal Oak 15400 was offered in a two-tone steel and rose gold configuration, and the 37mm Royal Oak 15450 includes the 15450SR with steel and rose gold. AP also produced two-tone Royal Oak Offshore references and various Mini Royal Oak ladies pieces in two-tone configurations. Two-tone became less common on modern 41mm references as AP shifted toward solid material statements, making vintage and 36mm two-tone references especially desirable for collectors. For full gold options, see our gold Audemars Piguet collection.

Two-Tone Audemars Piguet Price

Two-tone AP pricing spans a wide range depending on era and reference. Vintage Royal Oak 56023 and 14790 examples typically trade between $15,000 and $25,000, making them the lowest-priced authentic Audemars Piguet watches on the secondary market. The 36mm 25594 generally sits between $20,000 and $35,000 depending on condition and box-and-papers status. The 37mm 15450SR in steel and rose gold trades between $30,000 and $45,000. Two-tone 41mm 15400 references are rarer and command $40,000 to $55,000. Two-tone Royal Oak Offshore configurations sit between $25,000 and $45,000 depending on reference. For broader collection pricing, see our Audemars Piguet watches page.

Two-Tone vs. Solid Gold Audemars Piguet

Buyers often choose between two-tone and solid gold based on budget and preferred aesthetic. Two-tone uses steel for the case and bracelet links combined with gold accents, dramatically reducing the precious-metal weight and bringing entry pricing 50 to 70 percent below the equivalent solid gold reference. Solid gold APs offer the maximum prestige and intrinsic value but command significantly higher pricing, typically two to three times the two-tone equivalent. For full solid gold pricing and references, browse our gold Audemars Piguet collection.

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Why Buy Two-Tone Audemars Piguet From WatchGuys

Every two-tone Audemars Piguet at WatchGuys is fully authenticated, backed by a 2-year warranty, and ships overnight nationwide.

Common Questions

Two-Tone Audemars Piguet FAQ

• Which Audemars Piguet Models Come in Two-Tone?

  The vintage Royal Oak 56023 and 14790 from the 1980s and 1990s are the most iconic two-tone Royal Oaks. The 36mm 25594 carries the configuration into the modern era, and the 37mm 15450SR combines steel and rose gold. The 41mm 15400 was also offered in two-tone, and various Royal Oak Offshore and Mini Royal Oak references include two-tone configurations.

• What Is the Cheapest Way to Buy a Two-Tone Audemars Piguet?

  Vintage two-tone Royal Oaks like the 56023 and 14790 are the most affordable authentic Audemars Piguet watches available, regularly trading between $15,000 and $25,000 on the pre-owned market. They offer genuine AP build quality and design heritage at a price point well below modern steel Royal Oaks, making them the recommended entry point for first-time AP buyers.

• How Much Does a Two-Tone Audemars Piguet Cost?

  Pre-owned two-tone AP pricing typically ranges from $15,000 for a vintage 56023 or 14790 in good condition, up to $55,000 for a 41mm 15400 two-tone. The 36mm 25594 sits between $20,000 and $35,000, and the 37mm 15450SR sits between $30,000 and $45,000. Royal Oak Offshore two-tone configurations sit between $25,000 and $45,000.

• Two-Tone vs. Solid Gold Audemars Piguet?

  Two-tone uses steel for most of the case and bracelet with gold accents, reducing the precious-metal weight and bringing entry pricing 50 to 70 percent below the equivalent solid gold reference. Solid gold offers maximum prestige and the intrinsic value of an 18k case, but typically costs two to three times the two-tone equivalent. Two-tone is also lighter on the wrist and more wearable as a daily piece.

• Is a Two-Tone Audemars Piguet a Good Investment?

  Vintage two-tone Royal Oaks have shown steady appreciation as collector interest in 1980s and 1990s AP design has grown. The 56023 and 14790 in particular have moved up meaningfully over the past decade. Modern two-tone references like the 15450SR have shown stable pricing. Condition, completeness of box and papers, and recent service history all materially affect resale value on vintage references.

• Are Vintage Two-Tone Royal Oaks Authentic at WatchGuys?

  Yes. Every vintage two-tone Royal Oak sold by WatchGuys passes a multi-point authentication process performed by our in-house watchmakers, who verify movement, dial, case, bracelet, and serials. Vintage AP authentication requires extra care given the age and the existence of period-correct service parts, and our team has decades of experience evaluating these references. Every sale is backed by our authenticity guarantee, a 2-year warranty, and our buyer protection program.

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