Rolex - INTERSECT: Online Auction Hong Kong Wednesday, September 21, 2022 | Phillips

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    • Circa 2004

    • 40mm diameter

    • Case, dial, movement, bracelet and clasp signed

  • Manufacturer: Rolex
    Year: Circa 2004
    Reference No: 16610LV
    Movement No: 30’217’779
    Case No: F332’511
    Model Name: Submariner, “Kermit”, Flat Four
    Material: Stainless Steel
    Calibre: Automatic, cal. 3135, 31 jewels
    Bracelet/Strap: Stainless steel Rolex Oyster bracelet stamped “93250”, max length 195mm
    Clasp/Buckle: Stainless steel Rolex Oyster clasp stamped “LT3”
    Dimensions: 40mm diameter
    Signed: Case, dial, movement, bracelet and clasp signed
    Accessories: Accompanied by Rolex guarantee stamped Kirk Freeport Cayman Islands dated 31st July 2004, hangtags, steel anchor, leather card holder, cloth, product literature, 2004-2005 calendar card, fitted presentation box and outer packaging.

  • Catalogue Essay

    In commemoration of the 50th anniversary of the Rolex Submariner, ref. 16610LV was introduced in 2003, throwing watch aficionados into a frenzy as it was the first of its kind to feature the distinctive green bezel. Instantly recognised and well-received by collectors, its nickname was coined after “Kermit” the Frog, as the colour of its bezel resembles the everyman protagonist in the Muppet productions. Only produced for 7 years, the reference was replaced in 2010 by ref. 116610LV, the “Hulk” which featured an upgraded green Cerachrom bezel with a matching green dial.

    The present timepiece is an early example of the “Kermit” as it features a distinguishable “Flat Four” bezel insert. Rare and highly coveted, these earlier ref. 16610LV watches were believed to be only manufactured in the first year of their release.

    Combined with all the desirable characteristics of an early specimen, the present Rolex Submariner “Kermit” is well preserved in excellent overall condition, complete with its original accessories. With an ever-growing interest in this discontinued reference, the current timepiece from circa 2004 is undoubtedly one to collect.

  • 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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Ref. 16610LV
A rare, well-preserved and attractive stainless steel diver’s wristwatch with green "flat four" bezel, center seconds, date, bracelet, guarantee and presentation box

Circa 2004
40mm diameter
Case, dial, movement, bracelet and clasp signed

Estimate
HK$100,000 - 200,000 
€12,500-25,100
$12,800-25,600

Sold for HK$163,800

Contact Specialist

Hin Hin Wong
Associate Specialist, 20th Century & Contemporary Art, Hong Kong
+852 2318 2013
[email protected]

Thomas Perazzi
Head of Watches, Asia
+852 2318 2031
[email protected]

Charlene Lau
Head of Jewels, Hong Kong
+852 2318 2039
[email protected]

INTERSECT: Online Auction

Online Auction 21 - 28 September 2022