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

https://andersonsimpressivecolumn.urbanvellum.com/posts/what-is-a-realistic-way-to-price-a-rolex-for-sale

Discontinued Rolex models often trade above retail because collectors value their rarity and unique features no longer in production. Insurance appraisals, based on replacement cost, don’t reflect real market demand or recent sales