The Rolex Submariner Date, particularly the coveted "Kermit" reference 16610LV, commands significant attention and high prices in the pre-owned luxury watch market. This article delves into the pricing of the Rolex Kermit Flat 4, specifically focusing on the reference 16610LV, examining factors that influence its value, exploring its history, and providing a comprehensive overview of its desirability. The example listing provided – a 2004 Rolex Submariner Kermit Flat 4 Ref.16610LV with a price of $23,281 – serves as a starting point for our discussion.
Understanding the Rolex Submariner Kermit 16610LV and the "Flat 4" Bezel:
The Rolex Submariner 16610LV, affectionately nicknamed "Kermit" due to its vibrant green bezel insert, holds a special place in the hearts of collectors. Introduced in 2003, it marked a significant departure from the traditional black bezel Submariners, injecting a bold splash of color into the iconic diver's watch. The "Flat 4" designation refers to the specific type of bezel insert found on certain 16610LV models. Unlike later iterations with slightly raised numerals, the Flat 4 bezel features numerals that sit flush with the bezel surface, creating a cleaner, more minimalist aesthetic. This subtle difference significantly impacts the watch's desirability and, consequently, its price. Many collectors consider the Flat 4 bezel to be more desirable and aesthetically pleasing than later versions.
The $23,281 price tag for the 2004 example listed reflects the current market value of well-maintained, full-set examples. However, several factors contribute to price variations within the 16610LV market, making it crucial to understand these nuances before making a purchase or assessing the value of an existing piece.
Factors Influencing the Price of a Rolex Kermit Flat 4:
Several key factors influence the price of a Rolex Submariner 16610LV with a Flat 4 bezel:
* Condition: The condition of the watch is paramount. Scratches, dings, imperfections on the case, bracelet, and crystal significantly impact its value. A watch in "mint" or "near mint" condition with minimal signs of wear will command a significantly higher price than one showing considerable wear and tear. The example listing mentions "Very good" condition, suggesting some minor signs of use are present.
* Completeness: A "full set" – including the original box, papers (warranty card, booklets), and all links for the bracelet – dramatically increases the value. Missing components reduce the desirability and, consequently, the price. The listing specifying a "full set" is a positive indicator of higher value.
* Year of Production: While the 16610LV was produced between 2003 and 2010, variations in the production years can slightly influence price. Early production examples, particularly those with the Flat 4 bezel, are often sought after by collectors, potentially commanding slightly higher prices. The 2004 model in the listing falls within the production run and benefits from its age.
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