The Rolex Submariner "Kermit" – specifically the reference 16610LV – holds a special place in the hearts of watch enthusiasts. Its vibrant green bezel insert, a departure from the traditional black, cemented its status as a highly sought-after collector's piece. Understanding its 2021 retail price, however, requires navigating a complex landscape of pre-owned markets, fluctuating demand, and the ever-present influence of the secondary market. While finding a definitive "retail" price for a discontinued model like the 16610LV in 2021 is difficult, we can explore the factors that shaped its value and compare it to related models to paint a comprehensive picture.
The 16610LV: A Brief History
Before delving into pricing, let's establish the context. The Rolex Submariner 16610LV, affectionately nicknamed "Kermit" due to its resemblance to the Muppet character's iconic green color, was introduced in 2003 as part of the Submariner line's 50th-anniversary celebration. It marked a significant shift from the traditional black bezel, offering a bold and eye-catching alternative. The 16610LV boasted a 40mm Oyster case, a self-winding mechanical movement (caliber 3135), and the distinctive green aluminum insert on its unidirectional rotating bezel. Its production ceased in 2010, paving the way for the current generation, the reference 126610LV (often referred to as the "Hulk" due to its brighter green bezel).
The Elusive 2021 Retail Price:
The crucial point to understand is that by 2021, the 16610LV was no longer available from authorized Rolex retailers. Therefore, there was no official "retail price" in the traditional sense. Any 16610LV available in 2021 would have been pre-owned, meaning its price was determined by the secondary market – auction houses, independent watch dealers, and private sellers. The price heavily depended on the watch's condition, box and papers (original documentation), and overall desirability.
Factors Influencing the 2021 Price:
Several key factors influenced the price of a pre-owned 16610LV in 2021:
* Condition: A pristine, unworn example with all original packaging and documentation commanded a significantly higher price than a watch showing signs of wear. Scratches, dents, or modifications could drastically reduce its value.
* Completeness: The presence of the original box, papers, and warranty card substantially increased the value. A complete set was highly desirable among collectors.
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