The Rolex Submariner, a legendary dive watch synonymous with prestige and enduring style, held a significant place in the luxury watch market in 2016. Understanding the pricing landscape in Singapore during that year requires examining several factors, including the specific model, condition, and the ever-fluctuating nature of the pre-owned luxury watch market. While precise pricing from 2016 is difficult to definitively pin down without access to archived sales data from specific retailers, we can reconstruct a reasonable picture based on available information and market trends.
The provided snippet mentioning a 2016 Rolex Submariner Ref. 114060 with a price of S$15,412 + S$128 shipping on Chrono24 offers a valuable starting point. This example highlights several crucial aspects:
* Model Variation: The Ref. 114060 denotes a specific Submariner model without the date complication – a no-date Submariner. This particular model, even in 2016, commanded a premium due to its minimalist design and appeal to purists. Prices for models with the date complication (like the Submariner Date) would have varied, generally being slightly lower.
* Condition: The "99.9% condition" indicates a watch in near-mint condition, further impacting the price. Scratches, imperfections, or a lack of original box and papers would have significantly reduced its value.
* Marketplace: Chrono24, a prominent online marketplace for luxury watches, provides a platform for both individual sellers and authorized dealers. Prices on such platforms can fluctuate based on demand, seller reputation, and the specific watch's condition. Prices on Chrono24 are not necessarily indicative of retail prices at authorized Rolex dealers in Singapore.
* Shipping: The additional S$128 shipping cost underscores the international nature of the luxury watch market. Even within Singapore, shipping costs would have been a factor, although likely lower than international shipping.
Estimating the Price Range in 2016:
Based on the Chrono24 example and general market trends, a reasonable estimate for the price of a Rolex Submariner in Singapore during 2016 would have been:
* New Rolex Submariners (at authorized dealers): The cost of a brand new Rolex Submariner would have been significantly higher than the pre-owned example. Depending on the model (with or without date, and any specific variations), the price would likely have fallen within a range of S$16,000 to S$20,000 or more. Fluctuations in the Singapore dollar against other major currencies would also affect the final price.
* Pre-owned Rolex Submariners: The price of pre-owned models varied greatly depending on the factors mentioned above: model, condition, completeness of the set (box, papers, etc.), and the seller. Prices could have ranged from approximately S$12,000 for a well-worn model to over S$18,000 for a near-mint condition watch like the Chrono24 example.
Factors Affecting Prices:
Several factors contributed to the price variations of Rolex Submariners in Singapore during 2016:
* Demand: The Rolex Submariner's immense popularity consistently drives high demand, pushing prices upward. This demand was, and continues to be, particularly strong in Asia, including Singapore.
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