Why have the used prices on the 16610LV risen so much lately?

[JPS]

Seeing a big increase on the second hand market for the 16610LV.

What gives?

[Keeperoftime]

Aren't they discontinued... ?

(I apologize if I am ill informed--I'm a vintage guy)

[JPS]

Yep, but they have seriously risen over the last few months!

[Welshwatchman]

Relative rarity.
Finite supply.
Killer looks with the green or black insert.

It will never be a cheap watch to acquire but neither will it be ultra expensive. Too many pampered examples out there for that.

[JPS]

one example:

http://www.dream-watches.co.uk/brand...category_id=71

[Welshwatchman]

Originally Posted by JPS

one example:

http://www.dream-watches.co.uk/brand...category_id=71

He's trying the old "ultra rare serial number" routine.

£4250-4500 for a Z or M, mintish and complete seems to be the best value.

[jay1988]

Originally Posted by JPS

one example:

http://www.dream-watches.co.uk/brand...category_id=71

On a side note this website really annoys me.

They have a good lay out and decent prices but 80% of their stock seems to be listed as sold. When most websites sell a watch they remove it or move it to a sold watches section. These idiots like to leave it there. So I'm browsing for watches and naturally I see the picture first. Most of the time I see a picture I want and the watch is sold. 3 months later the watch is still there as sold. I've stopped looking at the site now.

[Cabaiguan]

Only made for 7 years. That makes it one of the shortest production runs of any Rolex Sub. Demand and supply...

[garymyman]

Originally Posted by Cabaiguan

Demand and supply...

Of course, but there always seem to be plenty for sale here. They appear to be more plentiful than ExpII's (which is what I'm shopping for to little avail).

[renfield33]

prices on everything have gone up over the last two years.

used daytonas are up about 2k over the last 2-3 years
GMT II and SubDate used to be $3500 pretty regularly 18 months ago... now $1-2k more than that!

[Passionata]

Cost more but no so dramatic,still avaliable on a right price except Y,Fseries.
I ve predicted very nice increase in the next five years but not only lv but all 5digits references,all looks great,solid like a brick not so touchily and wrongly designed that the recent ones.

[dddrees]

Demand is higher than supply.

[azguy]

Originally Posted by dddrees

Demand is higher than supply.

funny how that works ...............

[gargamel647]

Originally Posted by dddrees

Demand is higher than supply.

Originally Posted by azguy

funny how that works ...............

Thank you!!!!!!

[NYMike]

Originally Posted by dddrees

Demand is higher than supply.

Not by any stretch of the imagination. There is little demand for this watch. The only thing it has going for it is, again, people trying to make something out of nothing. It's an artificial rarity that's being perpetuated to somehow increase the value. People will try to look for any angle to make more money. In 100 years it will be in short supply - I guess they are factoring in the Future rarity.

There are probably 5-10 thousand for sale right now, with potentially Hundreds of customers..

[Johny]

if you took the last known official retail price of the lv before it was discontinued and then added all the subsequent price increases what would be the current official retail price?

[Johny]

Originally Posted by Johny

if you took the last known official retail price of the lv before it was discontinued and then added all the subsequent price increases what would be the current official retail price?

anyone?

[Cabaiguan]

Originally Posted by garymyman

Of course, but there always seem to be plenty for sale here. They appear to be more plentiful than ExpII's (which is what I'm shopping for to little avail).

Not plenty enough. The higher prices indicate a demand that remains unfulfilled. Call it Internet hype. Same thing happened with the SD a year ago.

[ufboy73]

Originally Posted by Cabaiguan

Not plenty enough. The higher prices indicate a demand that remains unfulfilled. Call it Internet hype. Same thing happened with the SD a year ago.

I have seen this sentiment many times on the board and i just dont get why the 50th, in particular, seems to get slammed so often here.

if market prices are too high in one's opinion, it must be due to internet hype?

same thing with the SD?

i just dont get it - why wouldn't the default assumption simply be that people like it, they want it, and the re-sale prices are rising.

its well established just how many of these models are out there - do we really think the fractional proportion of buyers of all of those that are available would even follow forums like this to even be exposed to any hype that would then impact resale across the board of so many pieces?

these hype theories never make any sense to me

[Casey VP-26]

Originally Posted by ufboy73

I have seen this sentiment many times on the board and i just dont get why the 50th, in particular, seems to get slammed so often here.

if market prices are too high in one's opinion, it must be due to internet hype?

same thing with the SD?

i just dont get it - why wouldn't the default assumption simply be that people like it, they want it, and the re-sale prices are rising.

its well established just how many of these models are out there - do we really think the fractional proportion of buyers of all of those that are available would even follow forums like this to even be exposed to any hype that would then impact resale across the board of so many pieces?

these hype theories never make any sense to me

I Agree: Just follow the money, Thats what I do, Smile and follow the money. Money does talk.

[Ravager135]

I was offered the choice between the LV and my 16610 back in 2008. I was still new to high-end watches at the time so I suppose I chose a more classic look with the 16610. Nowadays I am not so sure I made the right choice.

[Cabaiguan]

Some ADs couldn't get rid of the LV back in the day. I would say these could be had for less in some instances. My, how fortunes change.

[mountbaldy]

It could be a an indirect rejection of the new Ceramics. PEople are realizing that Rolex used to produce quality pieces in the past.

[Johny]

gratuitous pic

[f458]

Could also be the rise of china & india. They have $ & want the goods to show off.

[rossi46]

Originally Posted by mountbaldy

It could be a an indirect rejection of the new Ceramics. PEople are realizing that Rolex used to produce quality pieces in the past.

Nothing says "quality" like that old-style stamped clasp!

[dddrees]

Originally Posted by rossi46

Nothing says "quality" like that old-style stamped clasp!

I have no problem with them. They work just fine, and the watches I have with them tend to be more comfortable wearing watches than the ones I have with the newer clasps.

Saying that though, the newer clasps do have their strentghs as well.

[rossi46]

Originally Posted by dddrees

They work just fine

Indeed, they do! I think one of the reasons someone can wear a vintage, decades-old Sub is because they work just fine.

But, when it comes to the quality one expects when paying over $7k for a luxury watch... it would be hard to argue that the older clasps were of a higher quality than the new style. That's all I was saying to mountbaldy.

[dddrees]

Originally Posted by Cabaiguan

Some ADs couldn't get rid of the LV back in the day. I would say these could be had for less in some instances. My, how fortunes change.

The Daytona wasn't a big seller in the seventies either. Typically it's the real bad sellers and low production watches (LV) that are rare and then become extremely popular for some reason. Oh how things change.

[padi56]

Originally Posted by dddrees

The Daytona wasn't a big seller in the seventies either. Typically it's the real bad sellers and low production watches (LV) that are rare and then become extremely popular for some reason. Oh how things change.

Well there is most certainly thousands more LV subs in this world today than say like the vintage 6263/5 Daytona.Afraid no Rolex modern day is rare maybe just produced in smaller numbers but rare no.Rare for me is less that 200 units world wide thats rare. Not a thousand plus LV subs and all basically the same except for a few very minor fonts and very slight colour inserts over the years.But today the Internet hype is the main driving force to drive the prices up, much like the infamous so called mistake dial or stick dial GMTs were but now they are just past history.