Discontinued Rolex models often trade above retail because collectors see them...

https://dibz.me/blog/why-is-my-old-rolex-receipt-useless-for-pricing-it-now-1244

Discontinued Rolex models often trade above retail because collectors see them as rare and hard to find. Insurance appraisals don’t reflect what buyers will actually pay—they’re usually higher to cover replacement costs, not market demand