ROLEX SECONDARY MARKET: SUBMARINER “HULK” (116610LV)
I am sure all of you have been waiting on this, the Submariner Hulk 116610LV which is loved by many!
Note: The prices for this post are based on New/Unworn pieces in SG secondary market.
Over the past few posts, we had covered the Covid-19 Pandemic on the Secondary watch market, and it is still very prevalent in the Submariner Hulk. Imagine the effect of the Covid-19 pandemic and the shortage of new Rolex models on steroids, in addition to the rumored discontinuation of the Rolex Hulk.
It’s clear that stainless steel Rolex sports watches are exceedingly popular. They are nearly unattainable at retail locations, and prices in the secondary market are well above the retail market due to its high demand and short supply.
The Submariner Hulk has been in production since its release in 2010 and has managed to creep up in price and shows no signs of slowing down.
The current retail price of the 116610LV is SGD12,570 and is currently tradeing for approximately SGD23,800 for unworn (a.k.a BNIB) models in the secondary market, that is roughly an 89.4% immediate profit after buying it from retail.