ROLEX SECONDARY MARKET: SUBMARINER “HULK” (116610LV)
I’m sure all of you have been waiting for this, the market update on the now discontinued Rolex Submariner watches. In the first part of this series, we will be covering the most popular Submariner, the Rolex Hulk. We here at the Singapore watch insider have stated the speculation on the discontinuation of this model and those that held on to this model will be making a big profit.
Before the official discontinuation 1st September, the Rolex Hulk has been trading higher than usual due to the speculation and anticipation of the discontinuation announcement. Hence, the Rolex Hulk have been trading for about $24,900 SGD. At that point in time, everyone thought that it was a ridiculous price to pay.
Note: The prices for this post are based on New/Unworn pieces with the new Rolex Warranty card in the Singapore secondary market.
Unlike the other Submariners, the Rolex Hulk did not see any upgrade and was discontinued. After the announcement, the prices skyrocketed. Rising to a price that it has never reached before. If you were to pick one up now. It would cost you $30,850 SGD, which is about 24% increase seemingly overnight.
With the Hulk discontinuation, there are currently no colored dials for steel Submariners, making it the last of it’s kind.
Do you think that the current price is ridiculous and will it continue to go up or go down?