Rolex is used to be so conservative in the past on sport model, however
during Baselworld 2010 watch fair, Rolex released this so called “Hulk” with
Green dial and green bezel! It was immediately seen as most daring design of
eye-catching colour on a Submariner! At the same time, the 116610LV was an
instant success upon its launch, met with great feedback and praise.
When Rolex first
introduced the Submariner in 1953, it set a benchmark and pushed the boundaries
for what a serious professional dive watch is. Back in the days, the watch
market looked a lot different from what it does today, a time when people used
watches as a tool. Today, the majority of Rolex Hulk Submariner owners never
put it into water, not mentioning diving with their watches.
Investment on Hulk
This is quite an interesting topic when it comes to Rolex,
since Rolex, generally speaking, is known to be quite good investments.
Generally speaking, the secondhand value of stainless steel
sports Rolex watches tend to increase in value over time. In particular when a
certain model is discontinued. Looking at the past tends to give quite a good
indication.
When it is practically not possible to get many of the
sports models from Rolex in stainless steel from the authorized dealers due to
an extreme demand and low supply, and as a result of this, it makes it a bit
more difficult to predict the future and what will happen next.
Base on the trend of Sept 2020 until now, to talk a little bit about the Rolex 116610LV, it seems that this is a watch that is a good investment because the prices on the secondhand market have only continued to increase.
Price of Hulk as of 31 May 2021
NOS 116610LV with sticker full set - $190,000
Used 95% full set 3-6 years watch $130,000 -145,000
Used 90% full set 5-8 years $120,000 approximately.
Price of Hulk estimated by end of 2021
NOS 116610LV with sticker full set - $210,000
Used 95% full set 3-6 years watch $150,000
Used 90% full set 5-8 years $130,000 approximately
What do you think? Buy now?
HK Snob
Legend
Unit here is HKD (Hong Kong Dollar)
NOS – new old stock
