Reference:116610LV: Difference between revisions

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== Special editions ==

A small number of 116610LV watches left production with engraved casebacks or retailer signatures tied to institutional or royal deliveries. The best documented are the Khanjar Hulks, delivered through Khimji Ramdas in Oman during the reign of Sultan Qaboos, who died in 2020. They carry the crossed-dagger emblem engraved on the caseback and international guarantee paperwork stamped by Khimji Ramdas. Sotheby's ~~has offered examples~~ with ~~estimates in the~~ USD 25,000 ~~to 50~~,~~000 range~~, which prices the Omani provenance on top of the Hulk's own premium.

A small number of 116610LV watches left production with engraved casebacks or retailer signatures tied to institutional or royal deliveries. The best documented are the Khanjar Hulks, delivered through Khimji Ramdas in Oman during the reign of Sultan Qaboos, who died in 2020. They carry the crossed-dagger emblem engraved on the caseback and international guarantee paperwork stamped by Khimji Ramdas. Sotheby's catalogued one such watch — case G'556'084, guarantee dated 1 April 2012 — with a USD 25,000–50,000 estimate in a 2024 sale, more than double what an ordinary Hulk from the same era brings, which prices the Omani provenance on top of the Hulk's own premium.

Other retailer-signed and special-delivery examples surface at auction from time to time, none of them at the scale of a named series. The Khanjar watches are the one small branch of the reference outside standard production that is consistently documented.

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The 116610LV has traded above the 116610LN on the secondary market since both were in production, and the gap widened after discontinuation in 2020. As of late 2025, Sotheby's data put the Hulk at about USD 23,600, close to double the USD 11,900 retail on its successor, the 126610LV.

Individual lots from the reference's own catalogue history sit under that figure. Sotheby's estimated an ordinary circa-2020 example at USD 12,000–18,000 in a December 2020 sale, and a watch catalogued as still new in its last production year at HK$140,000–180,000 (roughly USD 18,000–23,000) in an April 2021 Hong Kong sale — both close to or below the "about USD 23,600" mark Sotheby's later put on the reference, and both well under the Khanjar premium described above.

That premium is demand, not scarcity. Rolex never published production figures, but a decade-long run on a popular Submariner put substantial volume into circulation; what changed in 2020 is that the supply stopped growing. Most of the trade happens through dealers and secondary retail, with the major houses paying the reference comparatively little lot-level attention.

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* [https://www.watchonista.com/articles/depth/rolex-submariner-2020-whats-actually-changed The Rolex Submariner in 2020: What Actually Changed] — Josh Shanks, Watchonista

* [https://www.ablogtowatch.com/rolex-submariner-116610lv-green-watch-review/ Rolex Submariner 116610LV In Green Watch Review] — aBlogtoWatch

* [https://www.phillips.com/detail/rolex/CH080220/116 Rolex Submariner Hulk Ref 116610LV Lot 116] — Phillips Geneva XII

* [https://www.sothebys.com/en/buy/auction/2021/important-watches/rolex-submariner-hulk-reference-116610lv-a-brand Rolex Submariner Hulk 116610LV Brand New Last Year] — Sotheby's

* [https://www.sothebys.com/en/buy/auction/2024/important-watches/reference-116610lv-submariner-khanjar-hulk-a Reference 116610LV Submariner Khanjar Hulk circa 2012] — Sotheby's

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 == Special editions ==
-A small number of 116610LV watches left production with engraved casebacks or retailer signatures tied to institutional or royal deliveries. The best documented are the Khanjar Hulks, delivered through Khimji Ramdas in Oman during the reign of Sultan Qaboos, who died in 2020. They carry the crossed-dagger emblem engraved on the caseback and international guarantee paperwork stamped by Khimji Ramdas. Sotheby's has offered examples with estimates in the USD 25,000 to 50,000 range, which prices the Omani provenance on top of the Hulk's own premium.
+A small number of 116610LV watches left production with engraved casebacks or retailer signatures tied to institutional or royal deliveries. The best documented are the Khanjar Hulks, delivered through Khimji Ramdas in Oman during the reign of Sultan Qaboos, who died in 2020. They carry the crossed-dagger emblem engraved on the caseback and international guarantee paperwork stamped by Khimji Ramdas. Sotheby's catalogued one such watch — case G'556'084, guarantee dated 1 April 2012 — with a USD 25,000–50,000 estimate in a 2024 sale, more than double what an ordinary Hulk from the same era brings, which prices the Omani provenance on top of the Hulk's own premium.
 Other retailer-signed and special-delivery examples surface at auction from time to time, none of them at the scale of a named series. The Khanjar watches are the one small branch of the reference outside standard production that is consistently documented.
@@ Line 200: / Line 200: @@
 The 116610LV has traded above the 116610LN on the secondary market since both were in production, and the gap widened after discontinuation in 2020. As of late 2025, Sotheby's data put the Hulk at about USD 23,600, close to double the USD 11,900 retail on its successor, the 126610LV.
+Individual lots from the reference's own catalogue history sit under that figure. Sotheby's estimated an ordinary circa-2020 example at USD 12,000–18,000 in a December 2020 sale, and a watch catalogued as still new in its last production year at HK$140,000–180,000 (roughly USD 18,000–23,000) in an April 2021 Hong Kong sale — both close to or below the "about USD 23,600" mark Sotheby's later put on the reference, and both well under the Khanjar premium described above.
 That premium is demand, not scarcity. Rolex never published production figures, but a decade-long run on a popular Submariner put substantial volume into circulation; what changed in 2020 is that the supply stopped growing. Most of the trade happens through dealers and secondary retail, with the major houses paying the reference comparatively little lot-level attention.
@@ Line 227: / Line 229: @@
 * [https://www.watchonista.com/articles/depth/rolex-submariner-2020-whats-actually-changed The Rolex Submariner in 2020: What Actually Changed] — Josh Shanks, Watchonista
 * [https://www.ablogtowatch.com/rolex-submariner-116610lv-green-watch-review/ Rolex Submariner 116610LV In Green Watch Review] — aBlogtoWatch
-* [https://www.phillips.com/detail/rolex/CH080220/116 Rolex Submariner Hulk Ref 116610LV Lot 116] — Phillips Geneva XII
 * [https://www.sothebys.com/en/buy/auction/2021/important-watches/rolex-submariner-hulk-reference-116610lv-a-brand Rolex Submariner Hulk 116610LV Brand New Last Year] — Sotheby's
 * [https://www.sothebys.com/en/buy/auction/2024/important-watches/reference-116610lv-submariner-khanjar-hulk-a Reference 116610LV Submariner Khanjar Hulk circa 2012] — Sotheby's