The Rolex Submariner 16610LV, affectionately nicknamed "Kermit" due to its striking green bezel, holds a unique place in the history of the iconic dive watch. Released in 2003, it marked a significant milestone, commemorating the 50th anniversary of the Submariner's debut. This wasn't just another iteration; the 16610LV represented a bold departure from the traditional black bezel, injecting a vibrant splash of color into the otherwise understated design, and cementing its position as a highly sought-after collectible among watch enthusiasts. This article will delve deep into the history, features, and enduring appeal of the Rolex Submariner 16610LV, exploring its various aspects, from its price fluctuations to its iconic status.
A Green Revolution: The Birth of the Kermit
The year 2003 saw Rolex celebrate half a century of its groundbreaking Submariner. While the brand had produced numerous variations over the years, the decision to introduce a green bezel was a daring move. The 16610LV, distinct from its predecessors, featured the same robust 3135 automatic movement, reliable water resistance, and instantly recognizable design cues that had made the Submariner a legend. However, the vibrant green aluminum insert on the unidirectional rotating bezel immediately set it apart. This wasn't merely a cosmetic change; it signaled a new era for the Submariner, adding a touch of modernity to a classic design.
The green bezel wasn't just aesthetically pleasing; it served a practical purpose. The color provided superior visibility underwater, enhancing readability in low-light conditions, a crucial feature for a professional diver's watch. This functional aspect, combined with the celebratory context of the 50th anniversary, made the 16610LV a highly desirable piece from the moment it was released. Its production run, however, was relatively short, adding to its exclusivity and desirability in the years that followed. This short production run, coupled with its celebratory nature, is a key factor contributing to its current high value in the collector's market.
Rolex Submariner Model 16610 Price & Value:
Understanding the value of a Rolex Submariner 16610, and specifically the 16610LV, requires considering several factors. The standard 16610, produced before the Kermit's release, commands a respectable price in the pre-owned market. Its price varies depending on condition, box and papers, and overall provenance. Generally, expect to pay anywhere from several thousand dollars to well over ten thousand, depending on the aforementioned factors. The condition of the watch, especially the presence of any scratches or signs of wear, significantly impacts its value.
Rolex 16610LV Price:
The Rolex 16610LV, however, occupies a completely different price bracket. Due to its limited production run and iconic status, it consistently commands significantly higher prices than the standard 16610. The price of a pre-owned 16610LV can range from significantly more than the 16610, easily reaching into the five-figure range, and often exceeding it depending on condition and provenance. Mint condition examples with original box and papers can fetch even higher prices, frequently exceeding $20,000 and sometimes reaching significantly more in auctions or private sales. This makes it one of the most sought-after and valuable modern Rolex Submariners.
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