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Old 10 August 2010, 10:26 AM   #1
Gen5accordv6
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Soon to be a owner of a pre-owned sub 16610

Hi All,


Right now, I have this opportunity to purchase a pre-owned Sub 16610 with serial starting with D. I'm totally new to Rolex, and this will be my first Rolex watch. The condition of the watch has been appraised with a G8 (8 out of 10 grade). The price is about $4200 CDN + 500 taxes = $4700 CDN. I would like to find out if i'm paying too much for this since some are selling as low as$3000ish.

Also, I have read on this forum that the 16610 is now discontinued. I wonder if it will hold its value in a few years as people will be trading it for the newer model. I'm worrying that there are so many older Subs out there and therefore the supply will exceed demand.

What do you think?
I'm new to this forum and this is my very first post :-)
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Old 10 August 2010, 10:47 AM   #2
Esexx
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Hello and welcome to TRF.

The 16610 is a iconic watch and I am sure you will enjoy it.

As for prices, I have no clue. Please post some pictures when you finally get it on your wrist.
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Old 10 August 2010, 10:53 AM   #3
scl6118
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I love the watch and it's worth getting! How much is that in US dollars?
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Old 10 August 2010, 10:55 AM   #4
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The sub's a classic - you can't go wrong! Welcome to the forum!
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Old 10 August 2010, 10:58 AM   #5
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Can't go wrong buying a Sub!
And welcome to TRF!
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Old 10 August 2010, 12:13 PM   #6
Gen5accordv6
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Quote:
Originally Posted by scl6118 View Post
I love the watch and it's worth getting! How much is that in US dollars?
Thanks everyone. I'm very excited.

It's about 4500 USD.
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Old 10 August 2010, 12:25 PM   #7
cmedina
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welcome fellow canadian! IMHO $4500 is a tad much for a D serial. i think a fairer price is more around $4000. as far as supply/demand, i wouldn't worry about it. rolex holds its value because they only make a certain # of pieces. although you may not get exactly what you pay for, the value will still stay up there.
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Old 10 August 2010, 12:29 PM   #8
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Have you taken a look at the for sale section here on TRF? You can find some great deals, especially on a clean late model Sub. At least you can compare prices.
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Old 10 August 2010, 12:30 PM   #9
TopNotchChach
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Congrats!
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Old 10 August 2010, 12:32 PM   #10
RolexguyinSF
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Quote:
Originally Posted by Gen5accordv6 View Post
Hi All,


Right now, I have this opportunity to purchase a pre-owned Sub 16610 with serial starting with D. I'm totally new to Rolex, and this will be my first Rolex watch. The condition of the watch has been appraised with a G8 (8 out of 10 grade). The price is about $4200 CDN + 500 taxes = $4700 CDN. I would like to find out if i'm paying too much for this since some are selling as low as$3000ish.

Also, I have read on this forum that the 16610 is now discontinued. I wonder if it will hold its value in a few years as people will be trading it for the newer model. I'm worrying that there are so many older Subs out there and therefore the supply will exceed demand.

What do you think?
I'm new to this forum and this is my very first post :-)
That doesn't seem too out of line for a D series. If it's really clean, and no major dings, etc., comes with box, tags, then go for it.

As far as value down the road? There are MILLIONS of subs out there, so maybe in 20+ years when it's looked at as "vintage" it will fetch a premium. Until then it will hold it's value well, and not a bad purchase. Enjoy it.
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Old 10 August 2010, 01:14 PM   #11
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Welcome to TRF fellow Canadian!!!
I think most of your questions have been answered,so I'd say jump on it....
If you can,offer cash and try for a little off the price!!
Good luck..
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Old 10 August 2010, 01:25 PM   #12
imono
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"appraised with a G8 (8 out of 10)"
I'd wait for a better condition Sub Date.
They are plentiful available if you can just wait a little longer.
I know the feeling of jumping into the first one you see.
Go to the FS section here and soon you will see it for sale.
Good Luck and after you buy your first, post pictures here.
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Old 10 August 2010, 03:24 PM   #13
Gen5accordv6
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Quote:
Originally Posted by imono View Post
"appraised with a G8 (8 out of 10)"
I'd wait for a better condition Sub Date.
They are plentiful available if you can just wait a little longer.
I know the feeling of jumping into the first one you see.
Go to the FS section here and soon you will see it for sale.
Good Luck and after you buy your first, post pictures here.
As what I can see from my reading glasses, the surface of the watch is in perfect condition. There is still a green sticker with 16610 on it at the back; however, the back of the casing is quite dirty (i guess from the human sweat). As for the band, there is a noticable dent. Just to give a bit more info, i'm getting this watch from a government auction. The watch was a seized item, so there are no box and paper. However, it was appraised by a third party so there will be some document from it as well as from the transaction.
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Old 10 August 2010, 04:43 PM   #14
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Welcome to the Forum.

I'd pass on that one.

As has been said there are plenty out there.
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Old 10 August 2010, 06:26 PM   #15
brettpaul
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You should also be sure to have the original box, papers, and any extra links that came with the watch.....

Reading the replies, you should also wait (although hard) to find one in a bit better condition - you should check the sales forum here for sure!
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Old 10 August 2010, 08:57 PM   #16
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Old 11 August 2010, 02:07 AM   #17
Johny
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Quote:
Originally Posted by brettpaul View Post
You should also be sure to have the original box, papers, and any extra links that came with the watch.....

Reading the replies, you should also wait (although hard) to find one in a bit better condition - you should check the sales forum here for sure!
i agree with this. wait a little and get it all.
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Old 11 August 2010, 12:45 PM   #18
Gen5accordv6
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Thanks for all the replies. I will pass on this one than.
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Old 11 August 2010, 01:07 PM   #19
Warnsboy
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Quote:
Originally Posted by Gen5accordv6 View Post
As what I can see from my reading glasses, the surface of the watch is in perfect condition. There is still a green sticker with 16610 on it at the back; however, the back of the casing is quite dirty (i guess from the human sweat). As for the band, there is a noticable dent. Just to give a bit more info, i'm getting this watch from a government auction. The watch was a seized item, so there are no box and paper. However, it was appraised by a third party so there will be some document from it as well as from the transaction.
For that price I would look for something in better condition with box and papers. JMHO. Good Luck!
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Old 11 August 2010, 01:14 PM   #20
jevans41
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Welcome! The Sub iconic, probably the best first Rolex that one can buy!
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Old 11 August 2010, 01:19 PM   #21
DOUBLE 0 SE7EN
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Congrats...pictures please..
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