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RAZZELL · 20 January 2012, 05:31 AM

Been looking to buy a new watch...

I've always wanted an old Sub 16610...but here in the UK dealers are wanting about £4k for them now...

Considering there must be 100's of thousands of them out there I think they're taking the pi$$ a bit...

For that sort of money I'd rather pay the extra and get a new Rolex Submariner Date 116610LN from an AD in the UK, or order one at Geneva Airport and fly there and save a few quid...

So do you guys think the 16610 is overpriced? Will prices "drop" when people get a bit more accustomed to the new shape?

RAZZ

Mickey® · 20 January 2012, 05:33 AM

The new Sub is $8,000 MSRP in USA now...
I think that is a little high but people are buying as fast as Rolex can make them so I guess it doesn't matter what we "think"!

jfisher17 · 20 January 2012, 05:35 AM

Price and drop usually don't go together when talking Rolex...

RAZZELL · 20 January 2012, 05:36 AM

Sorry, didn't make myself clear.

Price of the Old Sub 16610 is about £4k second-hand. I believe the new model 116610LN is about £5320 (?) new.

RAZZ

Jmcmen · 20 January 2012, 06:02 AM

Quote:

Originally Posted by RAZZELL

Sorry, didn't make myself clear.

Price of the Old Sub 16610 is about £4k second-hand. I believe the new model 116610LN is about £5320 (?) new.

RAZZ

I was quted two weeks back GBP 5,350 for the Subc 116610 LN.

Out of interest what was the M selling for as new?

rolepam312 · 20 January 2012, 05:41 AM

I think a used 16610 is overpriced and I own one! I can't believe it's worth more now then when I bought it in 2005. Even if I want the new one after selling mine, I still have to come up with a good amount of cash to get essentially the same watch, 116610... I know it's better but double the price better? Perhaps.. Just glad I don't have to make that decision.. Pay too much for the old or pay too much for the new... What a quandary

azguy · 20 January 2012, 05:46 AM

It's supply and demand

Everyone wants a sub and that keeps prices high

Trouble15 · 20 January 2012, 05:55 AM

Quote:

Originally Posted by azguy

It's supply and demand

Everyone wants a sub and that keeps prices high

Agreed. Many people say or feel they are overpriced, however we are still willing to pay it for a beautiful SS sub.

Auto16610 · 20 January 2012, 07:15 AM

Quote:

Originally Posted by rolepam312

I think a used 16610 is overpriced and I own one! I can't believe it's worth more now then when I bought it in 2005. Even if I want the new one after selling mine, I still have to come up with a good amount of cash to get essentially the same watch, 116610... I know it's better but double the price better? Perhaps.. Just glad I don't have to make that decision.. Pay too much for the old or pay too much for the new... What a quandary

You say "I know it's better" and I would have to disagree! In your opinion the new sub is better.(even though you own the 16610) I personaly like the 16610 better. I think that when Rolex made the case bigger they should have made the bracelet bigger. (In my opinion)

rolepam312 · 21 January 2012, 01:07 AM

Quote:

Originally Posted by Auto16610

You say "I know it's better" and I would have to disagree! In your opinion the new sub is better.(even though you own the 16610) I personaly like the 16610 better. I think that when Rolex made the case bigger they should have made the bracelet bigger. (In my opinion)

I agree that our 16610 is better...didnt want to offend the the owners of the new sub...i agree that rolex is getting lazy and too content that while they increase the case the straps size stays the same...it looks out of proportion and it appears they already have the straps so why go through a design change and actually come up with straps that are case appropriate? Reckon this would affect the parts and assembly line and would cost too much ...rolex figures they can charge nearly double and get away with it so why not? I cite the dssd as an example...strap is way too skinny for that watch...

millmax · 20 January 2012, 05:46 AM

Ha Ha jfisher17 you got it so right

ro1098s · 20 January 2012, 06:11 AM

I want to get a daytona tt where I can get a good price, I live in Mexico but I can easy travel to USA or Europe, the price in USA is $15,900

joejitsu · 20 January 2012, 06:17 AM

No discount for 16610 from ADs here in Toronto. ADs here I heard gives 15% off on new 116610LN.

blackmsport · 20 January 2012, 06:18 AM

new sub is about $9,000 here then again twist their arms you get 15% off

RAZZELL · 20 January 2012, 06:23 AM

I appreciate the old Sub is a classic. But to almost double in price in about 5 years?

RAZZ

Lion · 20 January 2012, 06:23 AM

As long as there are people who will pay the price the price will stay high. And Rolex and the ADs are not having any problems moving them!!!

mjclark32 · 20 January 2012, 06:25 AM

Picked up my 16610 about a year ago, I love it. Worth every penny to me.

le_baroudeur · 20 January 2012, 06:28 AM

Well... Prices will rise!

SaddleSC · 20 January 2012, 07:18 AM

Quote:

Originally Posted by RAZZELL

For that sort of money I'd rather pay the extra and get a new Rolex Submariner Date 116610LN from an AD in the UK, or order one at Geneva Airport and fly there and save a few quid...

Sounds like a plan.

RAZZELL · 20 January 2012, 07:29 AM

Quote:

Originally Posted by SaddleSC

Sounds like a plan.

Might have to wait a bit...Mrs Razz and I are "sort of" planning a nice holiday for her birthday and our wedding anniversary in May...

RAZZ

sprtrlx · 20 January 2012, 08:25 AM

i am not complaining about the rolex price increases,since i have just about every model im interested in and bought them over the years at more reasonable prices.however i agree with other posters that these increases have been extreme.guess its time to just enjoy what i have.

Glidelock · 20 January 2012, 08:50 AM

I've got news for you guys...the bubble is about to burst and the Rolex market along with it's pricing is going to completely collapse like the stock market!

According to my estimates it's going happen on the next Monday...the next Monday after never!

Dr. Robert · 20 January 2012, 08:52 AM

The Rolex sub is a great watch.......after you buy one, used or new...you don't care about the cost anymore......

moby33 · 20 January 2012, 06:07 PM

Quote:

Originally Posted by Dr. Robert

The Rolex sub is a great watch.......after you buy one, used or new...you don't care about the cost anymore......

Most accurate post I've read in a long time.

GradyPhilpott · 20 January 2012, 10:30 AM

Whatever a discontinued model may be, I don't think that fad is the word to describe it.

Spikedlee · 20 January 2012, 10:46 AM

paid around $4K for my 13 year old a-series Submariner a little over 2 months ago and I still have yet to find one priced that LOW here on the forums! How's that for value add? If I want a used sub-C I'd be looking at adding over two and a half stacks on top of that! With that type of pricing I think I'm good with the classic for now :)

Richmond1958 · 20 January 2012, 10:53 AM

If its a fad, its a super duper long lived one!

As to price reductions, I would agree that highly doubtful ... my dealer told me about a month ago that there are like 3,400 open orders from US dealers for the LN and they are always way behind in filling those.

GradyPhilpott · 20 January 2012, 11:29 AM

Quote:

Originally Posted by Richmond1958

As to price reductions, I would agree that highly doubtful ... my dealer told me about a month ago that there are like 3,400 open orders from US dealers for the LN and they are always way behind in filling those.

I was told back in October to expect that there would be a shortage of SS Subs on the market and in fact, when I ordered my 14060M on November 6, it took a full month for it to arrive.

dddrees · 20 January 2012, 11:49 AM

Quote:

Originally Posted by lion

as long as there are people who will pay the price the price will stay high. and rolex and the ads are not having any problems moving them!!!

x2

Melanotaenia · 20 January 2012, 11:23 AM

I agree that prices are going up, but for good reason, this is a highly desirable model, and very well known among the sport line models.

And, there are fewer and fewer of the 16610 brand new floating around.

20 January 2012, 05:31 AM	#1
RAZZELL Banned Join Date: Sep 2011 Location: London Posts: 60	Sub 16610 - overpriced? Fad? Been looking to buy a new watch... I've always wanted an old Sub 16610...but here in the UK dealers are wanting about £4k for them now... Considering there must be 100's of thousands of them out there I think they're taking the pi$$ a bit... For that sort of money I'd rather pay the extra and get a new Rolex Submariner Date 116610LN from an AD in the UK, or order one at Geneva Airport and fly there and save a few quid... So do you guys think the 16610 is overpriced? Will prices "drop" when people get a bit more accustomed to the new shape? RAZZ

20 January 2012, 06:23 AM	#16
Lion "TRF" Member Join Date: Jan 2009 Real Name: Leo Location: Midwest Watch: GMT-II 16710 PEPSI Posts: 21,461	As long as there are people who will pay the price the price will stay high. And Rolex and the ADs are not having any problems moving them!!! __________________ SS GMT-II 16710 PEPSI(Z-serial#) THE ONLY DIFFERENCE BETWEEN MEN AND BOYS IS THE PRICE OF THE TOYS!!! MontBlanc Meisterstuck Doue Silver Barley MontBlanc Meisterstuck Solitaire Doue Signum Proud Card Carrying Member of the Curmudgeons.....Yikes!!!

20 January 2012, 06:25 AM	#17
mjclark32 "TRF" Member Join Date: Mar 2010 Real Name: MJC Location: PHL USA Watch: IWC, Rolex, AP Posts: 29,232	Picked up my 16610 about a year ago, I love it. Worth every penny to me. __________________

20 January 2012, 06:28 AM	#18
le_baroudeur "TRF" Member Join Date: Aug 2010 Location: Rennes, FRANCE Posts: 802	Well... Prices will rise! __________________ Card Carrying Member of the Global Assoc. of Retro-Grouch-Curmudgeons.

20 January 2012, 08:52 AM	#23
Dr. Robert 2024 SubLV41 Pledge Member Join Date: Dec 2009 Real Name: Bob Location: U.S.A. Watch: 1655 Posts: 64,260	The Rolex sub is a great watch.......after you buy one, used or new...you don't care about the cost anymore...... __________________ Founder & Card Carrying Member of the Global Association of Retro-Grouch-Curmudgeons

20 January 2012, 05:33 AM	#2
Mickey® Banned Join Date: Aug 2011 Real Name: Mickey® Location: Atlanta, GA Watch: Swiss Made Posts: 5,801	The new Sub is $8,000 MSRP in USA now... I think that is a little high but people are buying as fast as Rolex can make them so I guess it doesn't matter what we "think"!

20 January 2012, 05:35 AM	#3
jfisher17 "TRF" Member Join Date: Jul 2011 Real Name: Jeff Location: Washington, DC Watch: Bluesy, Hulk, DSSD Posts: 310	Price and drop usually don't go together when talking Rolex...

20 January 2012, 05:36 AM	#4
RAZZELL Banned Join Date: Sep 2011 Location: London Posts: 60	Sorry, didn't make myself clear. Price of the Old Sub 16610 is about £4k second-hand. I believe the new model 116610LN is about £5320 (?) new. RAZZ

20 January 2012, 05:41 AM	#6
rolepam312 "TRF" Member Join Date: Oct 2011 Location: arizona Posts: 415	I think a used 16610 is overpriced and I own one! I can't believe it's worth more now then when I bought it in 2005. Even if I want the new one after selling mine, I still have to come up with a good amount of cash to get essentially the same watch, 116610... I know it's better but double the price better? Perhaps.. Just glad I don't have to make that decision.. Pay too much for the old or pay too much for the new... What a quandary

20 January 2012, 05:46 AM	#7
azguy Banned Join Date: Sep 2011 Real Name: ------- Location: ------- Watch: --------- Posts: 12,609	It's supply and demand Everyone wants a sub and that keeps prices high

20 January 2012, 05:46 AM	#11
millmax "TRF" Member Join Date: Nov 2011 Real Name: Terry Location: Cheshire UK Posts: 154	Ha Ha jfisher17 you got it so right

20 January 2012, 06:11 AM	#12
ro1098s "TRF" Member Join Date: Jan 2012 Real Name: Rodolfo Location: Puerto Vallarta Watch: submariner LV Posts: 67	I want to get a daytona tt where I can get a good price, I live in Mexico but I can easy travel to USA or Europe, the price in USA is $15,900

20 January 2012, 06:17 AM	#13
joejitsu "TRF" Member Join Date: Jan 2012 Real Name: Joel Location: Ontario, Canada Watch: that gOLD Diddy Posts: 483	No discount for 16610 from ADs here in Toronto. ADs here I heard gives 15% off on new 116610LN.

20 January 2012, 06:18 AM	#14
blackmsport Banned Join Date: May 2009 Location: Melb - Australia Posts: 2,959	new sub is about $9,000 here then again twist their arms you get 15% off

20 January 2012, 08:25 AM	#21
sprtrlx Member Join Date: Jan 2012 Location: pa Posts: 98	i am not complaining about the rolex price increases,since i have just about every model im interested in and bought them over the years at more reasonable prices.however i agree with other posters that these increases have been extreme.guess its time to just enjoy what i have.

20 January 2012, 08:50 AM	#22
Glidelock "TRF" Member Join Date: Nov 2011 Real Name: Will Zdorf Location: So. Cal. Watch: SDC4000, Sub LVC Posts: 1,947	I've got news for you guys...the bubble is about to burst and the Rolex market along with it's pricing is going to completely collapse like the stock market! According to my estimates it's going happen on the next Monday...the next Monday after never!

20 January 2012, 10:30 AM	#25
GradyPhilpott 2024 SubLV41 Pledge Member Join Date: Sep 2008 Location: New Mexico Watch: Seiko #SRK050 Posts: 34,460	Whatever a discontinued model may be, I don't think that fad is the word to describe it. __________________ JJ Inaugural TRF $50 Watch Challenge Winner

20 January 2012, 10:46 AM	#26
Spikedlee "TRF" Member Join Date: Sep 2011 Location: Chicago, IL Watch: Too many to narrow Posts: 585	paid around $4K for my 13 year old a-series Submariner a little over 2 months ago and I still have yet to find one priced that LOW here on the forums! How's that for value add? If I want a used sub-C I'd be looking at adding over two and a half stacks on top of that! With that type of pricing I think I'm good with the classic for now :)

20 January 2012, 10:53 AM	#27
Richmond1958 "TRF" Member Join Date: Nov 2011 Real Name: Rich Location: USA - Minnesota Watch: 116610LN Posts: 97	If its a fad, its a super duper long lived one! As to price reductions, I would agree that highly doubtful ... my dealer told me about a month ago that there are like 3,400 open orders from US dealers for the LN and they are always way behind in filling those.

20 January 2012, 11:23 AM	#30
Melanotaenia "TRF" Member Join Date: Jan 2010 Real Name: Jonathan Location: NYC Watch: Explorers and Subs Posts: 620	I agree that prices are going up, but for good reason, this is a highly desirable model, and very well known among the sport line models. And, there are fewer and fewer of the 16610 brand new floating around. __________________ 16570 -- 16600 -- 16610 -- 116610LV -- 216570 -- 116400

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