The Rolex Submariner 116610LV, affectionately nicknamed the "Hulk" for its vibrant green bezel and dial, holds a special place in the hearts of watch enthusiasts. Its discontinuation in 2020 only served to amplify its desirability, sending its price soaring in the pre-owned market. Understanding the current and historical price of this iconic timepiece requires a detailed examination of various factors influencing its value, including market trends, condition, and the overall demand within the luxury watch ecosystem. This article will explore the Rolex Submariner 116610LV price, its trajectory since its discontinuation, and offer insights into related models and the broader Submariner market.
Rolex Submariner 116610LV Price: A Historical Perspective
Before its discontinuation, the Rolex Submariner 116610LV held a relatively stable, albeit premium, price point. While precise figures vary depending on retailer and condition, it generally commanded a price above its original retail price. However, the period between December 2020 and December 2022 witnessed a dramatic surge in value for many Rolex models, including the Hulk. The 116610LN (the black bezel Submariner), a close relative, saw a price increase from approximately $12,700 to $15,000 in mint condition during this period. This serves as a benchmark to understand the broader market trends impacting the 116610LV. The Hulk, being a more limited and desirable variant, experienced an even more significant appreciation. While precise peak prices are difficult to pinpoint definitively due to the fluctuating nature of the pre-owned market, anecdotal evidence and data from reputable watch dealers suggest the price peaked considerably higher than the 116610LN, potentially reaching prices in the $20,000-$25,000 range or even more for exceptional examples with full sets. This significant increase reflects the combined effect of increased demand, limited supply, and the overall surge in the luxury watch market.
Rolex 116610LV Hulk Discontinued: The Impact on Price
The discontinuation of the 116610LV in 2020 acted as a catalyst for its price escalation. The simple fact of its unavailability created immediate scarcity, fueling demand amongst collectors and enthusiasts. This is a common phenomenon in the luxury watch market: once a model is discontinued, its desirability often increases significantly, leading to a price premium. The allure of owning a piece of Rolex history, a watch no longer in production, further enhanced its appeal. This scarcity, coupled with the already significant demand for the Hulk due to its unique green aesthetic, pushed the price to unprecedented levels.
Rolex Hulk 116610LV Price: Factors Influencing Value
Several factors contribute to the fluctuating price of the Rolex Hulk 116610LV:
* Condition: The condition of the watch is paramount. A mint-condition example with original box and papers will command a significantly higher price than a watch showing signs of wear or lacking its original accessories. Scratches, dents, and any signs of previous repairs can all impact the value.
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