On May 23, 4:00 PM UTC
Rolex Submariner 16610LV Green Kermit
This auction is subject to a 10% buyer’s premium on top of final bid amount (hammer price).
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Debuting in 1953 and released to the public the following year, the Rolex Submariner has undoubtedly become one of the most iconic timepieces of all time thanks to its legendary status as Rolex's flagship dive watch. Used extensively by the British Royal Navy and professional diving operations like COMEX, the Submariner set the bar for all dive watches to follow. Featuring a genuinely timeless design that has remained relatively unchanged throughout its history, this Rolex has become the archetypal sports watch. With very few large-scale aesthetic upgrades made to it over the years except for timely advancements like introducing a date function to the collection in the late '60s, and its modern cerachrom bezels, the Submariner is seen as the prototypical dive watch thanks to its consistency. The Submariner has earned its status as a legendary watch, with it today remaining as one of the most sought-after timepieces around.
Released in 2003 as the Submariner's 50th-anniversary model, the Rolex Submariner ref. 16610LV "Kermit" is perhaps the most highly coveted 5-digit Submariner on the market. Like most Rolex models, the Kermit has some intricacies that set specific variants apart, much like the mark 1 "Flat Four" variant, so-called for the flat-four found in the '40' on its bezel. Produced for just a year before the four was changed to what remained until the model's discontinuation in 2010, the Mark 1 "Flat Four" is an exceedingly rare variant of the Kermit that is extensively sought-after by connoisseurs. Rolex fitted the Kermit with a green anodized aluminum bezel (which is where the model's nickname comes from) to celebrate its anniversary status. This was also the first time Rolex would use a color other than black on a stainless-steel Sub. Featuring vintage aspects like hollow center links but modern elements too, like solid end links and maxi-plot hour markers, the Kermit is a transitional timepiece that, for many collectors, marks the end of Rolex's golden period and the beginning of their move into the modern watches we see today.
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Vetted & Approved
Est. value range
$10,000 – $15,000
Automatic cal. 3135
Stainless steel Oyster bracelet
Watch is in excellent condition with minor surface wear. There are scratches visible on the polished surfaces and a few marks visible on the brushed area, but the watch retains its original factory finish. Bracelet has minor wear and 12 full links, 1 half link and 3 full links that are removable. There is little stretch evident on the band.
An incredibly special piece of the Submariner's history, the ref. 16610LV, or "Kermit" as it is now known, paved the way for some of Rolex's most popular models such as the recently discontinued 116610LV "Hulk" and its recent replacement, the 126610LV "Starbucks."