Royal Oaks under retail?

[Snapchatog7]

I am rather new to the Luxury watch market. There is no denying prices for royals oaks can vary dramatically. My question is with royal oaks limited production and high demand were they ever available for under retail pricing prior to 2021?

Today almost every royal oak is above retail on the secondary market. Is this something to accept as a constant with royal oaks because it has always been that way? Or, were prices under retail before and it is expected to return to its norm?

Thanks in advance for any responses.