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Thread: Kermit 50th Anniversary - What's it worth?

  1. #1
    Master
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    Kermit 50th Anniversary - What's it worth?

    Not sure if I am allowed to post here about values, but there has been lots of talk this week about prices dropping, Rolex dropping, end of production etc.
    My friend has a Kermit 2004 which is a full set and in great condition, he wants a Batman and wondered what the value of this 16610LV.

    If this should be in SC or if it's not allowed please shout, Don't wanna upset anyone.

    Cheers

    Russ

  2. #2
    Grand Master
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    If itís a F serial# with flat 4 bezel it would make it more desirable.

    Quote Originally Posted by uktotty View Post
    Not sure if I am allowed to post here about values, but there has been lots of talk this week about prices dropping, Rolex dropping, end of production etc.
    My friend has a Kermit 2004 which is a full set and in great condition, he wants a Batman and wondered what the value of this 16610LV.

    If this should be in SC or if it's not allowed please shout, Don't wanna upset anyone.

    Cheers

    Russ
    Cheers,

    Ben



    ..... for I have become the Jedi of flippers


    " an extravagance is anything you buy that is of no earthly use to your wife "

  3. #3
    Grand Master Wallasey Runner's Avatar
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    I would have thought it was worth more than a Batman, but as Ben has posted the flat 4 insert is a key question.

  4. #4
    Craftsman
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    In general havenít all Rolex prices softened slightly? I mean before this outbreak the prices were a bit mental anyways (asking prices at least)

    I would have thought that your friend should be able to get a BLNR after selling the Kermit without putting any money in (unless itís a flat four as mentioned by others).

    Currently a seller has both for sale on SC

  5. #5
    would have thought selling Kermit would straight forward enough to buy a batman

  6. #6
    Master
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    Hi,
    2004, the watch (early F serial) would have been a flat four Bezel Mark 1 dial unless the bezel insert has been sold or swapped out. So, a watch with full set is worth a pretty penny. A quick search will put you in the ball park of value. A 50th LV IMO is one of the most iconic Submariner dates you can find. A true piece of Rolex history and rare. All of them are gorgeous but the flat four the icing on the cake and a Y serial would be the lotto.

    M

  7. #7
    Craftsman
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    You might find this useful to recognise the differences between the variants.


    https://www.watchclub.com/curated-by...ry-sub-decoded

  8. #8
    Quote Originally Posted by joe narvey View Post
    You might find this useful to recognise the differences between the variants.


    https://www.watchclub.com/curated-by...ry-sub-decoded
    Really interesting, thank you.

  9. #9
    Journeyman
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    Thanks @JoeNarvey that was a really interesting read. The level of detail across the years on one Rolex model is what really separates Rolex from the average watch brands. The comparison shits in that article were superb.

  10. #10
    Master
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    Thanks guys, these Rolexes are so complex. fat four, pointy four etc double red, etc
    I've only got one pic of the face, but more are coming.
    According to the article (very interesting) it's a pointed 4 but let me get a serial number
    Thanks also to the guys who messaged me directly.


    Russ

  11. #11
    Craftsman
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    Itís not a 2004 watch with rehaut engraving

  12. #12
    Master
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    Quote Originally Posted by Loupe View Post
    Itís not a 2004 watch with rehaut engraving
    Thanks, he wasn't actually sure if he purchased 2004 or 2005.

  13. #13
    Master
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    Chrono24 puts my 2008 M series at 11.5k (full set).
    Might be worth your friend checking the serial on the papers against the watch, as has been said, 2004 wouldnít have an engraved rehaut AFAIK. With the engraving it will be 2007 onwards.

  14. #14
    Master
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    It's an M360** Serial according to the rehaut
    The story is unfolding as we learn more

  15. #15
    Craftsman
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    Quote Originally Posted by joe narvey View Post
    You might find this useful to recognise the differences between the variants.


    https://www.watchclub.com/curated-by...ry-sub-decoded
    Thanks! Very interesting and useful but at the same time mind boggling and baffling that such small differences can fluctuate the price so much!

  16. #16
    Master
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    Tell him to keep it.

  17. #17
    Journeyman Afhgus's Avatar
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    differences can fluctuate the price so much!


    Welcome to Rolexes

    Sent from my SM-G960F using Tapatalk

  18. #18
    Master
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    Quote Originally Posted by watchmad View Post
    Tell him to keep it.
    After much discussion, the current climate, the stupid prices of the GMTs etc etc he is going to do just that.

    Thanks everyone for the help advice and private messages, so glad I never got into this world!

  19. #19
    Craftsman
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    Smart move, the LV is the best modern Rolex.
    Mine are F and D serials, all without a rehaut but all different.





    Sent from my iPad using Tapatalk

  20. #20
    Quote Originally Posted by uktotty View Post
    After much discussion, the current climate, the stupid prices of the GMTs etc etc he is going to do just that.

    Thanks everyone for the help advice and private messages, so glad I never got into this world!
    If he changes his mind I'm sure it would be very easy to just do a trade with cash adjustment either way as required. A lot of owners of both around.

  21. #21
    Of all the variants I really like the colour of the B3 in the link.

  22. #22
    Craftsman
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    Quote Originally Posted by boring_sandwich View Post
    Of all the variants I really like the colour of the B3 in the link.
    The insert colour at top of pic

  23. #23
    Quote Originally Posted by Sonos View Post
    Thanks @JoeNarvey that was a really interesting read. The level of detail across the years on one Rolex model is what really separates Rolex from the average watch brands. The comparison shits in that article were superb.
    Can someone explain why there are these differences?

    Are they continually trying to tweak and improve the design, deliberately making small differences to interest the collectors or someone makes a new batch of parts w/o an exact specification (not sure why this would be)?

  24. #24
    Master MartynJC (UK)'s Avatar
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    Impressive set!! But to my untrained eye I can't spot any difference. Could you explain how they differ?

    Quote Originally Posted by Loupe View Post
    Smart move, the LV is the best modern Rolex.
    Mine are F and D serials, all without a rehaut but all different.





    Sent from my iPad using Tapatalk

  25. #25
    Grand Master Wallasey Runner's Avatar
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    Quote Originally Posted by MartynJC (UK) View Post
    Impressive set!! But to my untrained eye I can't spot any difference. Could you explain how they differ?
    The bottom Watch has a flat 4 insert, so I'm assuming that is the earliest?

  26. #26
    Master
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    Quote Originally Posted by Sonos View Post
    The comparison shits in that article were superb.
    I've heard of willy-waving, but that takes it to a new level.

  27. #27
    Quote Originally Posted by Loupe View Post
    Smart move, the LV is the best modern Rolex.
    Mine are F and D serials, all without a rehaut but all different.





    Sent from my iPad using Tapatalk
    Awesome group👍👍

  28. #28
    Craftsman
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    Quote Originally Posted by RAJEN View Post
    Awesome group
    Thanks guys.
    Oops, wasnít meant to be a willy waving post but I can see how it looks.
    I bought my first LV in 2005 for £2650 and put the papers in my sons name.
    The others were bought from watch dealers many years ago when they would sit for a while before they sold.
    Does anyone remember Puffy? He used to buy and sell top condition watches, only the very best.
    The flat 4 full set was from him and is as NOS condition.
    Yes, they all differ with the dial and insert combinations but really to any normal person they are exactly the same!
    I did have 5 but sold one, Iíd post a pic but....

    Most importantly I hope everyone is keeping safe and doing ok, this forum is a welcome distraction for me and I enjoy seeing what other like
    minded folk have.

  29. #29
    Journeyman Afhgus's Avatar
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    £2650 for a Kermit! OMG. I didn't know they were ever that!
    Congratulations....

    Sent from my SM-G960F using Tapatalk

  30. #30
    Four Kermits, I'm jealous! I don't think the willy waving comment was aimed at you btw but instead at someone's typo.

    It's unlikely you'll have four of these and nothing rlse. Your SOTC must be incredible.

  31. #31
    Master
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    Quote Originally Posted by Afhgus View Post
    £2650 for a Kermit! OMG. I didn't know they were ever that!
    Congratulations....

    Sent from my SM-G960F using Tapatalk
    RRP back in 2004/05.

    If you could find one - they weren't that easy to buy at RRP at the time.

  32. #32
    They were in lots of AD windows when I bought mine at £3000 RRP, just before they started with the engraved rehaut - I lived in Kingston at the time and 2 ADís next to each other had them in the window. No list, no waiting. If you had a time machine, a lot of Ďrareí stuff was easily available at the time, at silly low prices compared to now!


    Sent from my iPhone using Tapatalk

  33. #33
    Quote Originally Posted by Afhgus View Post
    £2650 for a Kermit! OMG. I didn't know they were ever that!
    Congratulations....

    Sent from my SM-G960F using Tapatalk
    I was close to purchasing a pre-owned one in 2009 but undecided over the bezel so never went for it.

    It was advertised at £3500 but the dealer said there was movement on the price as he had it a while with no interest.

  34. #34
    Actually I never really understood the fascination with the green bezel - it never looked quite right imho. I really tried to like the green but never did. Itís the maxi dial and hour hand which makes these imho - if Iíd fitted a black insert I might still have mine. I think my brother has one with a flat 4 insert heís never worn from new - might suggest he thinks about moving it on!


    Sent from my iPhone using Tapatalk

  35. #35
    Master Swissz's Avatar
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    Quote Originally Posted by boring_sandwich View Post
    I was close to purchasing a pre-owned one in 2009 but undecided over the bezel so never went for it.

    It was advertised at £3500 but the dealer said there was movement on the price as he had it a while with no interest.
    Years ago I find a Kermit on an ad in Switzerland, brand new, full set 5000 CHF. Back than a Sub/GMT was like 4000, 4500 at best.

    I go to the person's house and he pulls out 5 brand new stickered Kermits.

    I only bought one

  36. #36
    Quote Originally Posted by Afhgus;[URL="tel:5391152"
    5391152[/URL]]£2650 for a Kermit! OMG. I didn't know they were ever that!
    Congratulations....

    Sent from my SM-G960F using Tapatalk
    I remember being offered one in 2004 for under £2500 in a Barbados AD, I wasnít interested because I was after a Speedmaster.

  37. #37
    Master
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    Interesting thread...lovely pic of the 4 together too...

    We should have a fun guess at what the next Kermit will be...Tudor P01 anyone?

    Sent from my SM-N950F using Tapatalk

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