The Rolex Submariner, a watch synonymous with diving prowess and enduring style, holds a special place in the hearts of horological enthusiasts. Its iconic design, robust construction, and legendary history have cemented its position as one of the most sought-after timepieces globally. Determining the value of a specific Submariner, however, requires a nuanced understanding of various factors, particularly when considering a model from a specific year, such as a 2002 Rolex Submariner. This article will delve into the intricacies of assessing the value of a 2002 Rolex Submariner, referencing the provided listing and exploring the broader market dynamics that influence its price.
The Listing: A Case Study
The provided listing details a 2002 Rolex Submariner Date (reference 16610) priced at $9,888. This listing highlights several key aspects that significantly impact the watch's value:
* Reference Number 16610: This reference number is crucial. The 16610 represents a specific generation of the Submariner, produced between 1988 and 2010. Understanding the production run and the evolution of the design across these years is vital for accurate valuation. Later iterations of the Submariner, such as the 116610LN (Cerachrom bezel), command significantly higher prices.
* Year 2002: The year of manufacture is another critical factor. While the 16610 was produced over two decades, subtle variations in dial, hands, and movement exist across different production years. Collectors often prioritize specific years based on these nuances, leading to price fluctuations. The 2002 model sits within the mid-range of the 16610 production, neither the earliest nor the latest.
* Condition: Fair: The condition description of "Fair" is a significant factor influencing the price. This suggests the watch may exhibit signs of wear, scratches, or imperfections. The extent of this wear will heavily impact the valuation. A watch in excellent or mint condition will command a premium compared to one described as "Fair." High-resolution images would be essential for a precise assessment of the watch's condition. A professional appraisal might be necessary to confirm the "Fair" condition assessment.
* Serviced: The listing mentions that the watch has been serviced. This is a positive aspect, indicating that the movement has been checked and potentially overhauled by a qualified watchmaker. A recent service can increase the value and provide peace of mind to the buyer. However, the service history should be verified; ideally, the servicing documentation should accompany the watch.
* Location: United States: The location of the seller can subtly influence price. Variations in sales tax and shipping costs might slightly alter the perceived value.
Factors Influencing the 2002 Rolex Submariner Value:
Beyond the specifics of the listing, several broader factors contribute to the value of a 2002 Rolex Submariner:
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