Discontinued Rolex models often trade above retail because they’re rarer and in...

https://ellasexcellentcolumns.quantlynix.com/posts/what-is-the-difference-between-replacement-cost-and-resale-price

Discontinued Rolex models often trade above retail because they’re rarer and in higher demand among collectors. Insurance appraisals, while useful for protection, usually don’t reflect what buyers will actually pay