The Rolex Submariner, a legend in the world of horology, has captivated collectors and enthusiasts for decades. Among its many iterations, the 50th-anniversary green bezel Submariner, specifically the reference 16610LV (often nicknamed "Kermit"), holds a particularly coveted position. This article delves into the pricing of this iconic timepiece, exploring its historical context, market trends, and comparing it to other green-bezel Submariners currently available.
The 16610LV: A Green Legend
The reference 16610LV, produced from 2003 to 2010, marked a significant milestone in Submariner history. Its distinctive green aluminum bezel insert, a vibrant departure from the traditional black, instantly set it apart. This vibrant green, reminiscent of a Kermit the Frog, quickly earned it the affectionate nickname. The watch boasted the reliable and robust calibre 3135 automatic movement, housed within a 40mm stainless steel case. The black dial, with its luminous markers and hands, offered excellent legibility, a hallmark of the Submariner line. The absence of drilled lug holes further contributed to its sleek and refined aesthetic. The example specified, a 2005 model with serial number beginning with "D", falls squarely within the production run of this highly sought-after variant.
Factors Influencing the Price of a 16610LV
Determining the precise price of a pre-owned Rolex Submariner 16610LV, like the 2005 example mentioned, requires considering several key factors:
* Condition: The overall condition of the watch is paramount. Scratches, dings, wear on the bezel insert, and the state of the bracelet all significantly impact value. A pristine, unpolished example will command a significantly higher price than one showing signs of considerable wear. Authenticity is also crucial; purchasing from a reputable dealer minimizes the risk of encountering a counterfeit.
* Box and Papers: The presence of the original box and papers (warranty card, instruction manual) adds considerable value. These documents provide provenance and enhance the watch's desirability to collectors. A complete set significantly increases the price.
* Service History: A documented service history from an authorized Rolex service center demonstrates proper maintenance and care, further boosting the watch's value. This assures potential buyers of the watch's mechanical integrity.
* Market Demand: The popularity of the 16610LV continues to grow, making it a highly sought-after collectible. Its limited production run and iconic status contribute to its escalating value. Market fluctuations, driven by factors such as economic conditions and general collector interest, also influence the price.
* Dealer vs. Private Sale: Purchasing from a reputable dealer often comes with a premium, but it offers peace of mind and protection against potential issues. Private sales can offer lower prices but carry a higher risk.
Pricing Range for a 2005 16610LV
Given these factors, a 2005 Rolex Submariner 16610LV in excellent condition, with box and papers, and a documented service history, could command a price ranging from $15,000 to $25,000 or even more in 2024. Lower-grade examples with significant wear or lacking accessories would sell for considerably less. The price can vary depending on the specific condition, seller, and prevailing market trends. Checking reputable online marketplaces and auction sites like Chrono24 can provide a clearer picture of current pricing.
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