The Rolex Submariner needs no introduction. A legend in the world of horology, this iconic diver's watch has captivated collectors and enthusiasts for decades. Its rugged durability, precise timekeeping, and instantly recognizable design have cemented its place as a timeless classic. But among the numerous Submariner models produced, the 50th-anniversary edition, specifically the reference 16610LV, holds a special place, commanding significant attention and, consequently, a high price tag. This article will delve into the price fluctuations of this coveted timepiece, exploring its history, features, and the factors influencing its current market value.
Rolex 50th Anniversary Review: A Green Legend is Born
The year 2003 marked a significant milestone for the Rolex Submariner. Celebrating half a century of its iconic design, Rolex released the reference 16610LV, affectionately nicknamed the "Kermit" due to its distinctive green bezel insert. This wasn't just a simple reissue; it was a tribute to the watch's heritage, incorporating subtle yet impactful changes that elevated the Submariner to new heights of desirability.
The defining feature, of course, was the vibrant green aluminum bezel. This bold color choice, contrasting sharply with the black dial and stainless steel case, immediately set the 16610LV apart from its predecessors. The green, a shade often described as "anniversary green," wasn't just aesthetically pleasing; it also offered superior visibility underwater, a crucial feature for a diver's watch. This attention to detail, a hallmark of Rolex, further solidified the 16610LV's reputation as a superior tool watch.
Beyond the striking bezel, the 16610LV retained the core elements that made the Submariner a success: a robust Oyster case capable of withstanding depths of up to 1,000 feet (300 meters), a reliable automatic movement (the caliber 3135), and the iconic Oyster bracelet. The combination of classic design elements with the fresh, bold green bezel created a truly special timepiece, one that would become highly sought after in the years to come.
16610LV Rolex: The Factors Driving its Price
The price of a 16610LV Rolex varies significantly depending on its condition, box and papers (original packaging and documentation), and the seller. While the original retail price was considerably lower than today's market value, the 16610LV has become a highly collectible watch, experiencing a dramatic price increase over the years. Several key factors contribute to this:
* Limited Production: As a limited-edition model commemorating a significant anniversary, the number of 16610LVs produced was naturally restricted. This scarcity, combined with ever-increasing demand, directly impacts the price.
* Collectibility: The 16610LV holds a special place in the hearts of Rolex collectors. It represents a pivotal moment in the Submariner's history, making it a highly desirable addition to any collection. Its unique green bezel adds to its appeal, setting it apart from other Submariner models.
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