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No one knows how they’re calculated. They’re probably based on a mix of sale price and asking price but they don’t make it clear.
It’s fair to assume that C24 asking prices are inflated but by how much, it’s difficult to say. Sold prices on eBay and forums will be lower but a lot of C24 sellers are dealers so their prices are inevitably going to be higher.
The charts that you can generate on Chrono24 for the watches that you own - I presume that they're based on the prices which similar watches are advertised for, rather than sell for, so how much should one knock off for an actual vs advertised valuation?