The Rolex Submariner is the most recognised luxury watch in the world. But walk into the market and you'll quickly realise there are dozens of references across different generations, dial colours, and price points. Here's a straightforward guide to help you choose the right one.
The Two Main Variants — Date vs No Date
The first decision is simple. The Submariner comes in two versions — with a date window at 3 o'clock, and without. The no-date model (114060 / 124060) has a slightly cleaner dial and is generally a touch less expensive. The date model is more common and comes in a wider range of configurations. Most buyers go for the date, but purists often prefer the cleaner look of the no-date.
Key References to Know
The 116610LN is the black dial, black bezel Submariner that ran from 2010 to 2020 — one of the most desirable pre-owned references on the market right now. The 116610LV is the "Hulk" — green dial, green bezel — discontinued in 2020 and climbing in value ever since. The current generation 126610LN was introduced in 2020 with a slightly larger 41mm case and updated movement.
For vintage collectors, the 16610LV "Kermit" — produced from 2003 to 2010 with its distinctive green bezel on a black dial — is one of the most iconic Submariner references ever made.
What to Budget
Pre-owned Submariner prices in Australia currently sit roughly in these ranges depending on condition and papers: 116610LN from around $15,000–$19,000, the Hulk 116610LV from around $24,000 without papers up to $30,000 with full set, and the current 126610LN from $18,000–$22,000. Vintage references like the Kermit can vary widely based on condition and completeness.
Buy With Papers if You Can
A Submariner with original box and papers will always be worth more and easier to sell down the track. If you're choosing between two similar watches at similar prices, always go for the one with full set documentation.
Looking to Buy a Submariner in Sydney?
Browse our current Rolex Submariner collection or contact Dmitri directly on 0423 778 091. We regularly stock multiple Submariner references and can help you find the right one for your budget. Viewings by appointment at our Sydney CBD office.