The Rolex Submariner, a name synonymous with diving prowess and enduring luxury, has captivated watch enthusiasts for decades. Within its rich history, certain models have achieved legendary status, commanding exorbitant prices in the secondary market. Among these coveted pieces are the rare and highly sought-after red and blue Submariners, particularly those from specific eras. This article explores the fluctuating prices of these iconic timepieces, considering various factors that influence their value, including condition, rarity, and market trends. We'll also touch upon the broader context of Rolex Submariner pricing, examining the cost of new and pre-owned models to give a comprehensive view of this fascinating market.
The Allure of the Red and Blue: A Collector's Dream
The allure of the red and blue Submariners isn't simply about color; it's about exclusivity and history. These watches, often featuring specific dial variations and sometimes precious metal cases, represent a unique chapter in Rolex's legacy. The "red" typically refers to the red text on the dial, indicating features like the "Submariner" wording or the date magnification cyclops, while "blue" often signifies the overall dial color, although variations exist. The presence of these specific color combinations, often in conjunction with other desirable features, dramatically increases the watch's desirability and, consequently, its price.
One example that perfectly encapsulates this is the 1994 Rolex Submariner 16618 New Old Stock (NOS) with stickers and factory diamonds mentioned earlier. The "New Old Stock" designation means the watch is unworn and in its original, pristine condition, still possessing its protective stickers. The presence of factory-set diamonds further elevates its value. Such a timepiece would command a significantly higher price than a similar model in used condition, even if that used condition is excellent. The rarity of finding a NOS watch in this condition is a major contributing factor to its price.
Rolex Submariner Price 2020 and Beyond: A Market Overview
Understanding the price of a red and blue Submariner requires examining the broader context of Rolex Submariner pricing in general. The year 2020 serves as a useful benchmark, as it marked a significant shift in the luxury watch market. Increased demand, fuelled by social media influence and a growing appreciation for tangible assets, led to a surge in prices across the board. The Rolex Submariner, already a highly desirable timepiece, experienced a particularly sharp increase.
While precise figures for specific models in 2020 are difficult to pinpoint without specifying the exact reference number (e.g., 114060, 16610, 16613), it's safe to say that prices were considerably higher than in previous years. The cost of a new Rolex Submariner in 2020 varied depending on the model and materials used, but generally fell within a range significantly above the manufacturer's suggested retail price (MSRP) due to high demand and limited availability.
Rolex Submariner Cost New vs. Pre-Owned: A Price Comparison
The price of a new Rolex Submariner is consistently above its MSRP. Authorized dealers often have waiting lists, and the allocation of new watches is often unpredictable. This scarcity contributes to a secondary market where pre-owned models are frequently traded at prices comparable to or even exceeding the new price.
The cost of a pre-owned Rolex Submariner varies dramatically based on several factors:
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