Yes, including the 18-karat gold model.
https://www.engadget.com/the-original-apple-watch-lineup-is-officially-obsolete-083825819.html
There’s always been a weird market for “luxury” tech that’s a gold-plated version of what everyone else has. I remember gold-plated pre-smartphone phones that went for ridiculous amounts of money; of course it becomes obsolete, it’s targeting those with money but no foresight.
It’s targeting the ones saying stuff like “If you can afford a coffee a day… how much is a coffee anyway, like $100?”