The Rolex Submariner, a watch synonymous with diving prowess and enduring style, boasts a rich history marked by iconic releases. Among the most sought-after models is the 50th-anniversary edition, specifically the Kermit, featuring a striking green bezel insert. This article delves into the price of this coveted timepiece, exploring its market value, factors influencing its price, and comparing it to other green-bezel Submariners. We'll also examine related models and their current market positions to provide a comprehensive understanding of the Rolex Submariner green bezel landscape.
The Kermit: 16610LV – A Legend in Green
The Rolex Submariner 16610LV, affectionately nicknamed the "Kermit" due to its vibrant green bezel, commemorated the Submariner's 50th anniversary in 2003. Production continued until 2010, solidifying its place in horological history. This particular reference, a stainless steel model with a green aluminum bezel insert and black dial, represents a significant milestone in Rolex's legacy. Its relatively short production run and enduring popularity contribute to its elevated price point in the secondary market.
An example of a 2006 Kermit, Partner Certified, is currently listed at $13,400 with free shipping within the US. This price point reflects the current market demand and the condition of the watch, supported by third-party certification. It's important to note that prices can fluctuate based on several factors, including condition, box and papers (original packaging and documentation), and the seller's reputation. A pristine example with complete documentation will command a higher price than one with minor wear and tear or lacking its original accessories.
Factors Influencing the Price of a 50th Anniversary Green Bezel Submariner
Several factors contribute to the significant value of the Rolex Submariner 16610LV:
* Rarity: The limited production run between 2003 and 2010 makes the 16610LV a relatively rare watch, especially in excellent condition. Demand consistently outpaces supply, driving up prices.
* Collectors' Demand: The Kermit has achieved iconic status among watch collectors. Its distinctive green bezel, a departure from the traditional black, appeals to both seasoned collectors and those new to the world of luxury watches. This strong collector's demand fuels market value.
* Condition: The condition of the watch significantly impacts its price. A pristine, unworn example will fetch a considerably higher price than one showing signs of wear. The presence of scratches, dings, or a faded bezel insert will negatively affect its value.
* Box and Papers: The inclusion of the original box, warranty card, and any other accompanying documentation significantly increases the value of the watch. These documents provide provenance and authenticity, boosting buyer confidence and justifying a higher price.
* Market Trends: The luxury watch market is subject to fluctuations based on economic conditions and overall market sentiment. Periods of economic growth often see increased demand for luxury goods, driving prices upward.
* Seller Reputation: Buying from a reputable seller, whether a certified pre-owned dealer or an established auction house, offers a degree of assurance regarding authenticity and condition. This contributes to buyer confidence and can influence the price paid.
Comparing the Kermit to Other Green Bezel Submariners
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