ROLEX SECONDARY MARKET: SUBMARINER “HULK” (116610LV)
In this post, we will be doing a market update on the discontinued Rolex Submariner, Hulk, 116610lV.
We’ve covered recently on the market price of the Rolex Hulk days after it’s announced discontinuation and right off the gate it was trading around $30,000 SGD.
Due to the announcement being in close proximity to the announcement of the new Rolex warranty card and the limited colored dials on steel sports means that Rolex Hulk with the new card is deemed a collectors’ item due to its’ limited production run.
It has been roughly 2 weeks after the announcement, and prices seemingly have come down to an average of $26,575 SGD, which is about a $3425 drop-in market price. This is probably due to the fact that there are many Hulks in the market, as many are trying to cash in on the discontinuation, making buyers spoilt for choice.
Note: The prices for this post are based on the list price of New/Unworn pieces with the new Rolex Warranty card in the Singapore Secondary Market.
Do you think the Hulk is a collectors’ item?