If you think price of Rollies are insane...a new Pepsi now selling at rm94.5k and the new Daytona panda rm164k now.
Recently the dealers are saying that both the BLRO and Daytona 116500LN are "rumored" to be discontinued in the upcoming April 2021 new release announcement, which I personally doubt to be true, as the BLRO was just released in 2018 and the 116500LN in 2016.
Discontinue or not though, it doesn't really matter. The demand for SS Rolex is at its unprecedented height. I personally don't think there is an artificial shortage - in the sense that Rolex purposely reduce production of the SS professional models; rather, it's the demand that has surged exponentially over the last 4-5 years.
Surely the COVID19 did contribute to reduced production in 2020, but I think overall it's the overwhelming demand that is driving the grey market price up and up. The same effect is seen on some AP and PP models, which are deemed the next best thing to move up to from Rolex.
I don't think this bubble will burst any time soon, though I do think eventually there should be a minor correction... who knows...