Help me understand pricing on the old v new Submariner

[mkmk]

Am I missing something? I see for sale posts for the "old" 16610" that claim collector pieces, or priced the same as a used ceramic 11610. Why would anyone pay what they can buy a new ceramic model submariner for for an "old" style submariner
Are the older models really collector pieces when there were so many produced? (I am speaking of the F-V serial) Is anyone actually getting ceramic prices for the non ceramic one?
I just do not understand the thought process.

[Thatguy]

All the 16610 I have seen are priced well below the 116610. Except for some 16610LV models.

[77T]

No 16610 will be a collectors piece IMHO

[nauticajoe]

If you are looking for a bnib piece you will pay a premium. It is what it is.

[landroverking]

Agree with above.

[Chewbacca]

Originally Posted by mkmk

Am I missing something? I see for sale posts for the "old" 16610" that claim collector pieces, or priced the same as a used ceramic 11610. Why would anyone pay what they can buy a new ceramic model submariner for for an "old" style submariner
Are the older models really collector pieces when there were so many produced? (I am speaking of the F-V serial) Is anyone actually getting ceramic prices for the non ceramic one?
I just do not understand the thought process.

i have seen a few too but sale prices are not sold prices... folks ask what they want, not what the market will pay.

random ser#, blue hairsprings in old cases, lv's will always be a bit of a premium but not the other 10 million imo.

[SeaDweller50]

It's because there are many, like me, who do not like the look of the ceramic ones. Some of the 16610's I see for sale are in better condition than the used 116610's.

[Chad072]

Originally Posted by nauticajoe

If you are looking for a bnib piece you will pay a premium. It is what it is.

I am not a fan of the ceramic subs and wanted a 16610. I found a NIB piece here from a TS and bought it. I got a new piece cheaper than going to an AD and I didn't have to settle for something I really didn't like.

[Ravager135]

There is no reason a standard 16610 in decent shape should cost any more than $5,000 unless it is BNIB with stickers. I know, I know the market stimulates demand but people paying any more for a used piece that cost 5k or less when purchased new is just silly to me.

There is some kind of lore that LVs are rare and because they are loved (rightfully so) on this forum people ask absurd prices and people pay them. That's their prerogative.

[RolexDivers]

Originally Posted by 77T

No 16610 will be a collectors piece IMHO

exactly... at least not for the next 700years ....

[Sous]

There's a seller on Kijiji Canada right now, with a 20 year old 16610, no boxes/papers, or service history, and he's asking $6000. It's been there for about 18 months now, and I'm sure will be there for another 18.