The Rolex Submariner 114060, a no-date iteration of the iconic dive watch, holds a special place in the hearts of collectors and enthusiasts alike. Its understated elegance, robust build, and legendary reliability have cemented its status as a highly sought-after timepiece. Understanding its price in Singapore, however, requires a nuanced look at retail pricing, the secondary market, and the historical trends that influence its value. This article will delve into all these aspects, providing a comprehensive guide for anyone considering buying or selling a Rolex Submariner 114060 in Singapore.
Retail Price and Market Value:
The retail price of a Rolex Submariner 114060 in Singapore, like in other markets, is set by the authorized Rolex dealers. However, securing one at retail price is notoriously challenging due to high demand and limited supply. Waiting lists can stretch for years, making the secondary market a more readily accessible option for many.
The secondary market, encompassing pre-owned and used watches, exhibits fluctuating prices influenced by numerous factors including condition, box and papers (original packaging and documentation), and overall market demand. While a brand-new 114060 might have had a retail price around SGD 12,000 – SGD 14,000 (depending on the year and slight fluctuations in currency exchange rates), prices in the secondary market often significantly exceed this figure. Expect to pay a premium, often 20% to 50% or even more above the original retail price, depending on the watch's condition and the prevailing market sentiment.
Several factors contribute to the price disparity between retail and secondary market prices:
* High Demand: The Submariner 114060's popularity consistently outstrips supply, driving up prices in the pre-owned market. Its simple, classic design appeals to a broad spectrum of collectors, making it a highly sought-after piece.
* Limited Production: Rolex carefully controls production, ensuring exclusivity and maintaining the desirability of its watches. This controlled supply further contributes to elevated secondary market prices.
* Investment Potential: Rolex watches, particularly the Submariner, are often viewed as valuable assets that appreciate over time. This investment potential attracts buyers willing to pay a premium.
* Condition and Completeness: The condition of the watch significantly impacts its value. A pristine example with its original box and papers will command a higher price than a watch showing signs of wear or lacking its original accessories.
Model Specifications and Historical Trends:
The Rolex Submariner 114060, a no-date model, is characterized by its clean, uncluttered dial. Key specifications include:
* Movement: Calibre 3130, a self-winding mechanical movement known for its precision and reliability.
* Case: 40mm Oyster case made of 904L stainless steel, renowned for its corrosion resistance.
* Crystal: Sapphire crystal, highly scratch-resistant.
* Water Resistance: 300 meters (1000 feet).
* Bezel: Unidirectional rotating bezel with a ceramic insert, ensuring reliable dive time tracking.
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