Rolex 68623 Yacht-Master Midsize 18K YG / SS White Dial Circa. 1996

The Rolex Yacht-Master reference 68623 is an early midsize expression of the brand's nautical luxury sports watch, combining stainless steel with 18K yellow gold in the classic Rolesor format. Produced in the late 1990s, this reference belongs to the first generation of Yacht-Master models and captures the more elegant, jewelry-forward character that distinguished the line from Rolex's pure tool watches. Its white dial offers a particularly clean and uncommon presentation within the reference, set against the warm yellow gold bidirectional timing bezel and matched two-tone Oyster bracelet. The 35mm case gives the watch a balanced midsize profile that wears with far more versatility than its measurements suggest, appealing to collectors who value neo-vintage Rolex proportions. Inside is the Rolex caliber 2135, a self-winding chronometer movement respected for its durability, precise date function, and long service history across the brand's midsize and smaller automatic models. The reference is rated to 100 meters, preserving the Oyster case architecture and everyday utility expected of the Yacht-Master family. Unlike later executions that leaned more overtly into modern sport luxury, the 68623 retains a distinctly transitional charm, with tritium-era roots and a refined blend of maritime styling and dress-watch polish. Collectors are drawn to this reference for its short-lived early production, its place before the later 168623 update, and the increasingly appreciated appeal of first-generation two-tone Yacht-Master models. In white dial form, the watch stands apart as a nuanced and highly wearable variant within the neo-vintage Rolex market. Like New with Rolex box.