Discontinued Rolex models often trade above retail because collectors prize...

https://marketrealist.com/retail-and-wholesale/why-some-discontinued-rolex-watches-are-now-worth-more-than-they-cost-new/

Discontinued Rolex models often trade above retail because collectors prize rarity and demand can outpace supply. Insurance appraisals, however, reflect replacement cost, not what you'd actually get selling the watch