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

https://shanesexpertinsights.inkharbory.com/posts/how-do-i-explain-rolex-resale-value-to-my-insurance-company

Discontinued Rolex models often trade above retail because they’re rarer and highly sought after by collectors, driving up demand. Insurance appraisals usually reflect replacement cost, not what buyers actually pay