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Why are Monacos so prized ( and expensive)?

Hi, I just bought my first Monaco a vintage grey dial that I bought with the help of Jeff ( Thanks Jeff). I love this watch, but wondering, why are these watches so expensive and prized and seem to going up and up in price. Don;y get me wrong they are amazing, but just wondering why. Is it because the new ones go for 3000 plus? Is it because there are so few?

Thanks for all of your help on the dash

JM

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