The Rolex Submariner, a name synonymous with diving prowess and enduring style, boasts a rich history filled with iconic models. Among the most coveted are the vintage references, particularly the 5514, and its highly sought-after COMEX variant. This article delves into the world of the vintage Rolex 5514, exploring its historical significance, its relationship to the similar 5512, its current market value, and the factors contributing to its enduring appeal.
The Rolex Submariner 5514, produced from the late 1960s to the early 1980s, represents a significant chapter in the Submariner's evolution. Its predecessor, the 5512, laid the groundwork, but the 5514 refined the design and incorporated several key improvements. While the 5512 is also a highly collectible watch, the 5514, particularly the COMEX versions, often commands higher prices due to its unique history and limited production.
5514 COMEX: A Legend in the Making
The COMEX (Compagnie Maritime d'Expertises) association with the Rolex 5514 elevates this model to legendary status. COMEX, a French underwater engineering and saturation diving company, collaborated with Rolex to rigorously test their watches in extreme underwater environments. The resulting COMEX-branded 5514s, often featuring unique dial markings and case modifications, are highly prized by collectors. These watches bear witness to a period of significant advancement in both diving technology and watchmaking precision. The rigorous testing endured by these watches, and their association with professional divers, adds a palpable layer of authenticity and history to their appeal. Finding a genuine COMEX 5514 in excellent condition is a significant undertaking, contributing to its high value.
While the COMEX 5514 has recorded excellent financial performance in the past, mirroring the overall strong performance of vintage Rolex models, prices have experienced a slight dip since the spring of 2022. This fluctuation, however, is not unusual in the luxury watch market, which is subject to various economic and market-driven factors. In January of a recent year, for example, a well-preserved example could have been acquired for approximately 63,000 USD. However, the current market value can vary significantly depending on condition, provenance (particularly COMEX certification), and the specific features of the watch.
Comparing the 5514 and its Cousin, the 5512
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