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

https://shanesexpertinsights.inkharbory.com/posts/can-i-sell-a-rolex-without-box-and-papers

Discontinued Rolex models often trade above retail because collectors seek rare, no-longer-made pieces, driving demand beyond original prices. Insurance appraisals usually list replacement costs, not what you’d get selling the watch today