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2004 Rolex Kermit Submariner sells for $35,000 at auction

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It’s a thin line between love and hate, and sometimes the path between sanity and insanity is equally narrow.

Is it right that somebody paid £25,250 ($35,000) for a Rolex Submariner with black dial and green bezel, even if it is the so-called Kermit Flat 4 for which collectors pay a premium?

To be clear, the difference between a regular Sub with black dial and green bezel from early noughties and the Flat 4 is the slope and angle of the number 4 in the “40” on the bezel of the 11610lv.

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Remarkably, that makes the watch sufficiently rare to command the same recommended retail price as a brand new Patek Philippe 5711 with olive green dial.

The Kermit Flat 4 turned out to be the star lot at this week’s Bonhams auction in London, selling for almost double its low estimate of £12,000.

Adding to the unpredictability of the auction world these days, the second most valuable watch of the Bonhams sale was a George Graham silver key wind open face pocket watch, dated circa 1715, which sold for £20,250.

That is a timekeeper from more than 300 years ago!

Bonhams Watches is accepting consignments for its next Luxury Watch Sale in Paris on 29 October, followed by the Time is Precious Sale for fine watches on 4 November, also in the French capital, with the next Bonhams Knightsbridge Watches auctions taking place on 19 November.

 

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