Reference:submariner-early-family: Difference between revisions

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 == Historical market view ==
-Market pressure across the early family is uneven. The 6538 is the most visible and most liquid, underpinned by the Bond association and by two Sotheby's benchmark results (a tropical example at GBP 274,000 in 2018 and a circa-1959 big-crown at USD 431,800 in December 2025). A Christie's New York 6538 crossed USD 1,000,000 in 2018. The 6200 is the seven-figure reference of the early family: its red-depth variant crossed USD 1,000,000 in June 2018, and Phillips Geneva has sold two Explorer-dial examples in the CHF 400,000 to 600,000 range. The 6536/1 holds the small-crown record at USD 225,000 via the Sotheby's 2018 Lot 252. The 6204 and 6205 anchor the lower end of the segment but trade on historical primacy rather than absolute rarity.
+Market pressure across the early family is uneven. The 6538 is the most liquid because the Bond association keeps it in constant view. The 6200 is the real seven-figure watch. The 6536/1 is the small-crown price leader. The 6204 and 6205 trade lower, driven more by primacy than by outright rarity.
 == Sources ==