The Rolex Submariner, a legendary dive watch synonymous with luxury and prestige, commands significant attention in the Australian market. Its enduring popularity, coupled with fluctuating demand and supply, results in a dynamic pricing landscape. This article will explore the current prices of Rolex Submariners in Australia, focusing on various models and factors influencing their cost, including the sought-after two-tone gold and steel variant. We'll also delve into the cost of new Submariners, explore the available sizes, and examine the used market, particularly focusing on specific models like the 16610 and the newer 126613LB.
Understanding the Rolex Submariner Market in Australia
The Australian luxury watch market, like its global counterpart, is influenced by a complex interplay of factors. These include:
* Global Demand: Rolex's worldwide popularity drives strong demand, often exceeding supply. This scarcity contributes to higher prices, particularly for popular models like the Submariner.
* Australian Dollar Fluctuations: The value of the Australian dollar against other major currencies, especially the Swiss Franc (where Rolex is based), directly impacts the price of imported watches. A weaker AUD generally leads to higher prices.
* Import Duties and Taxes: Import duties and GST (Goods and Services Tax) are added to the price of imported Rolex watches, further increasing the final cost for Australian consumers.
* Retailer Markup: Authorized Rolex dealers typically apply a markup to the suggested retail price, contributing to the overall cost. This markup can vary between retailers.
* Pre-owned Market: The pre-owned or second-hand market offers a potentially more affordable entry point for prospective buyers. However, careful authentication and due diligence are crucial to avoid counterfeit watches or those with hidden damage.
* Condition and Authenticity: The condition of a pre-owned Submariner significantly affects its price. A watch in mint condition with original box and papers will command a higher price than one with visible wear and tear or missing documentation.
Specific Rolex Submariner Models and Their Australian Prices
Let's examine the pricing of several key Rolex Submariner models in the Australian market:
1. Rolex Submariner 126613LB (Two-Tone Gold and Steel):
This particular model, a 40mm two-tone Submariner with a black dial, is highly sought after. Its combination of robust stainless steel and luxurious yellow gold makes it a desirable piece. Finding a new 126613LB from an authorized dealer in Australia will typically cost upwards of AUD $25,000 to AUD $30,000, but prices can vary depending on the retailer and current market conditions. In the pre-owned market, you might find this model at a slightly lower price, but again, condition and provenance are key factors. The price can fluctuate depending on the condition of the watch and any accessories included.
2. Rolex Submariner 16610:
The 16610 is a discontinued model, making it a collector's item. Its price in the Australian pre-owned market varies significantly depending on its condition and year of manufacture. Generally, expect to pay anywhere from AUD $15,000 to AUD $25,000 or more for a well-maintained example. Again, authentication is paramount; purchasing from a reputable dealer is strongly recommended.
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