Rolex - The Hong Kong Watch Auction: XII Hong Kong Saturday, June 5, 2021 | Phillips

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  • Manufacturer: Rolex
    Year: Circa 2007
    Reference No: 16610LV
    Case No: Z538’527
    Model Name: Submariner “Kermit”
    Material: Stainless steel
    Calibre: Automatic, cal. 3135, 31 jewels
    Bracelet/Strap: Stainless steel Rolex Oyster bracelet, max length 185mm
    Clasp/Buckle: Stainless steel Rolex Oyster deployant clasp stamped “OP12”
    Dimensions: 40mm diameter
    Signed: Case, dial, movement, bracelet and clasp signed
    Accessories: Accompanied by Rolex guarantee stamped Betteridge Jewelers dated 19th December 2007, instruction manual, product literature, hang tags, outer packaging and fitted presentation box.

  • Catalogue Essay

    By celebrating the 50th Anniversary of the coveted Rolex Submariner, the firm released the ref. 16610LV in 2003, featuring for the first time a green bezel insert. An instant success during its initial launch, the ref. 16610LV was fast to be dubbed by collectors as the “Kermit” due to its distinct appeal and colors reminiscent of the famous cartoon frog. The introduction of the green bezel insert was also somewhat of a milestone as the color green is the signature color of the firm as witnessed in their iconic green box and packaging. The reference was discontinued in 2010 making way for the new ref. 116610LV nicknamed the “Hulk”.

    The present Rolex Submariner ref. 16610LV “Kermit” from 2007 with a Z serial is offered in excellent overall condition and is further accompanied by its full set of accessories. With an attractive lime green bezel, the present specimen will surely delight collectors seeking for this model that is ever surging in demand.

  • Artist Biography

    Rolex

    Swiss • 1905

    Founded in 1905 England by Hans Wilsdorf and Alfred Davis as Wilsdorf & Davis, it soon became known as the Rolex Watch Company in 1915, moving its headquarters to Geneva in 1919. Like no other company, the success of the wristwatch can be attributed to many of Rolex's innovations that made them one of the most respected and well-known of all luxury brands. These innovations include their famous "Oyster" case — the world's first water resistant and dustproof watch case, invented in 1926 — and their "Perpetual" — the first reliable self-winding movement for wristwatches launched in 1933. They would form the foundation for Rolex's Datejust and Day-Date, respectively introduced in 1945 and 1956, but also importantly for their sports watches, such as the Explorer, Submariner and GMT-Master launched in the mid-1950s.

    One of its most famous models is the Cosmograph Daytona. Launched in 1963, these chronographs are without any doubt amongst the most iconic and coveted of all collectible wristwatches. Other key collectible models include their most complicated vintage watches, including references 8171 and 6062 with triple calendar and moon phase, "Jean Claude Killy" triple date chronograph models and the Submariner, including early "big-crown" models and military-issued variants.

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974

Ref. 16610LV
A fine and attractive stainless steel diver’s wristwatch with center seconds, date, bracelet, guarantee and presentation box

Circa 2007
40mm diameter
Case, dial, movement, bracelet and clasp signed

Estimate
HK$78,000 - 156,000 
€8,400-16,900
$10,000-20,000

Sold for HK$264,600

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001
WatchesHK@phillips.com

The Hong Kong Watch Auction: XII

Hong Kong Auctions 5-6 June 2021