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Audemars Piguet Royal Oak Offshore 26237ST: 25th Anniversary Re-Edition Specs and Price

The 26237ST revisits the 1993 Royal Oak Offshore with a 42 mm steel case, blue Petite Tapisserie dial and automatic calibre 3126/3840. See its specifications, launch prices and production status.
Estimate4–5 min Catalogued SpecialistWatchRanker Team
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The Audemars Piguet Royal Oak Offshore 26237ST is a 2018 re-edition that revisits the look of the original 1993 Offshore chronograph without being an exact replica. Its 42 mm steel case, blue Petite Tapisserie dial, rubber-clad controls and integrated bracelet carry the original’s visual language; its automatic calibre 3126/3840 and folding clasp are among the updates. Here are the specifications, launch-era prices and the important distinction around its production status.

What the 26237ST is

Audemars Piguet identifies reference 26237ST.OO.1000ST.01.A as a Royal Oak Offshore Selfwinding Chronograph. The 26237ST.OO.1000ST.01 was introduced in 2018 for the Offshore’s 25th anniversary, revisiting the first Offshore from 1993. AP describes the re-edition as celebrating “the essence of the original piece, applying the knowledge and technique of 2018.” Audemars Piguet’s model page

The anniversary date has a longer design prehistory: AP’s Chronicles account of the Offshore’s birth dates Emmanuel Gueit’s earliest design sketches to April 19, 1989. The watch that emerged in 1993 was a 42 mm chronograph with conspicuous rubber details, a then-bold direction for the Royal Oak family.

26237ST specifications

Specification 26237ST
Reference 26237ST.OO.1000ST.01; AP’s current product-page reference appends “.A”
Launch 2018, for the Offshore’s 25th anniversary
Case 42 mm stainless steel; 14.4 mm thick (Gressive’s January 2018 SIHH report)
Dial Blue Petite Tapisserie, blue chronograph counters, white-gold applied hour markers, luminous Royal Oak hands and blue inner bezel
Bezel and controls Octagonal bezel with eight hexagonal screws; blue rubber-clad pushpieces and screw-locked crown
Caseback Solid, engraved “Royal Oak Offshore”
Bracelet and clasp Integrated steel bracelet with alternating brushed and polished surfaces; folding clasp
Water resistance 100 m, as reported in 2017 launch coverage; this is not a test result for an individual watch
Movement Automatic Audemars Piguet calibre 3126/3840
Frequency and reserve 21,600 vibrations per hour (3 Hz); approximately 50 hours of power reserve, as reported in 2017 launch coverage

The period specifications are described in Time and Watches’ November 2017 preview and Gressive’s January 2018 SIHH report. The case and bracelet details are also covered by The Watch Observer’s 2018 report. Specifications published at launch describe the model, not the present condition or water resistance of a pre-owned example.

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Design: faithful in appearance, not an exact replica

The watch’s recognizable Offshore cues are all present: the large steel case, octagonal bezel, exposed screws, visible black gasket, textured blue dial and blue rubber around the crown and chronograph pushers. The integrated steel bracelet gives this version a more continuous metal profile than a strap-equipped Offshore, while its alternating brushed and polished finishes break up the surface.

Those choices make the 26237ST a close visual callback to the 1993 chronograph. It is not a component-for-component recreation: the movement is different, and the 2018 watch uses a folding clasp. AP’s own framing is a re-edition shaped by the techniques of its release year, rather than a claim that every detail duplicates the original.

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Movement and chronograph

The automatic calibre 3126/3840 is reported with a 21,600 vph (3 Hz) frequency and approximately 50 hours of power reserve. The Watch Observer describes it as a calibre 3120 base paired with a chronograph module, with 59 jewels, 365 components and a 22-carat gold rotor. That publication contrasts the 2018 movement with the original’s and characterizes the re-edition’s movement as manufacture-made; that is its account, not a performance or serviceability comparison.

Was the 26237ST limited edition?

The 26237ST is reported as a non-limited series by The Watch Observer. The apparent conflict comes from anniversary launch coverage that describes three models as limited to 50 pieces each: that count concerns the tourbillon models, not the steel 26237ST. Gressive’s “boutique only” wording describes distribution, not a 50-piece production limit. On the available model-specific reporting, it is more accurate to call the 26237ST a 25th-anniversary re-edition in a non-limited series than a limited edition.

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Launch price and what the figures mean

There is no established current retail price or present market value in the cited material. The often-quoted numbers are launch-era figures, not current offers:

Figure What it represents
CHF 25,000 Launch price reported by The Watch Observer in 2018
¥2,750,000 before tax Gressive’s Japan-specific estimate in January 2018; the report anticipated a February 2018 release
HK$120,000–200,000 / €14,400–23,900 / US$15,400–25,600 Phillips’ estimate for one circa-2018 example in its Spring 2023 Hong Kong auction catalogue; an estimate, not a realized sale price or current valuation

Phillips’ 2023 catalogue entry documents an example, but does not establish current availability or a comparable present-day market price. Audemars Piguet’s US product page does not expose a usable current price for the 26237ST in the cited material.

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How it differs from the original and later Offshore models

The 26237ST’s purpose is to bring the original 1993 chronograph’s appearance into a 2018 re-edition, not to match every technical detail. It retains the solid caseback and integrated bracelet. AP’s later 26238ST is a different Royal Oak Offshore Chronograph: AP specifies a flyback chronograph, interchangeable strap system and sapphire caseback for that model. Its current US list price is not a price for the 26237ST, so the two should not be compared as if they were the same reference.

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What to verify on a pre-owned example

Published launch specifications cannot confirm the condition of a particular watch. For a pre-owned 26237ST, verify the full reference and paperwork, inspect the case, bezel screws, bracelet and clasp for condition or replacement, and ask for a recent service record. Treat the 100 m rating as a model specification rather than assurance that an older individual watch remains water-resistant; only an appropriate inspection and pressure test can establish that for the watch in hand.

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