The Rolex Submariner, a watch synonymous with diving prowess and enduring style, continues to captivate collectors and enthusiasts worldwide. Its iconic design, robust construction, and legendary reliability have cemented its place as a grail watch for many. Understanding the pricing landscape of a specific Submariner, such as a 2017 model, requires delving into several factors, including condition, box and papers (full set), and the ever-fluctuating secondary market. This article explores the price of a Rolex Submariner Date from 2017, referencing the listed price of $11,806 for a specific example (Reference number 116610LN), and provides a broader context by examining related models, price variations, and market trends.
The 2017 Rolex Submariner Date (Reference 116610LN): A Detailed Look
The reference number 116610LN designates the specific model in question: a 2017 Rolex Submariner Date. The "116610" indicates the model family, while the "LN" signifies the black ceramic bezel insert. This particular model, produced in 2017, represents a period before the significant update that introduced the 41mm Submariner in 2020. The $11,806 price point reflects a used example in "very good" condition. The actual price can vary considerably depending on several key factors:
* Condition: The condition of the watch is paramount. Scratches, dents, and the overall wear and tear significantly influence the value. A watch described as "mint" or "unworn" will command a premium compared to one with visible signs of use, even if those signs are minor. The listed example of "very good" condition suggests some minor imperfections, accounting for a price below the potential top-end value.
* Box and Papers (Full Set): The presence of the original box, warranty card, and all accompanying documents—a "full set"—dramatically increases the value. A complete set offers buyers a sense of authenticity and provenance, enhancing desirability and justifying a higher price. The absence of any of these elements can negatively impact the price, sometimes significantly.
* Service History: A documented service history from an authorized Rolex service center adds to the watch's appeal and provides assurance of its proper maintenance and longevity. A serviced watch often commands a higher price than one without a verifiable service history.
* Market Fluctuations: The luxury watch market is dynamic and susceptible to trends and economic conditions. Supply and demand play a crucial role. Increased demand, driven by factors such as celebrity endorsements or limited editions, can inflate prices. Conversely, economic downturns or shifts in consumer preferences can lead to price decreases.
Comparing the 2017 Model to Other Submariners:
To understand the $11,806 price point for the 2017 Submariner Date, it's helpful to compare it to other models and years:
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