What happened? 16610LV selling for 18,500???

[RolexPete32]

Board tonight so I checked e-bay and looked at the rolex sub LV 16610 aka kermit. It has been selling for 18,500 cad and people in for the for sale section are asking 20 thousand and up. I also see a 2003 version I think F serial that went for 48 thousand. So it has been years since I posted here and really cared or looked at rolex. I have the m serial lv. I recall everyone saying back in 2010 that it would never do more then hold its value as it was a modern rolex. What do people say now? Is e-bay buyers nuts? Or is the sub lv 16610 really worth 18,500 cad. Either way I paid 6000 for mine at an AD in 2010 and never plan on selling it.