The Rolex Submariner is often regarded as the quintessential dive watch. This graph shows the 5 year price history of the reference 16610LN, which was in production for over twenty years between 1987 to 2010.
Last we could find, the watch retailed for $7,250, though the secondary market value was significantly below that for most of its history. Even five years ago, the watch traded for between $5,000 and $6,000. However, the secondary market value has increased over 70% since then, with an average annual growth rate of 14%.
Is the 16610LN still a good buy at around $11,000? Where do you see prices going in the next five years?