I think the 'Monaco 2005' text on the case back is not because of the Monaco watch but the Monaco F1 GP in 2005, where Red Bull cars were sponsored by Star Wars,
It makes sense because there’s a Red Bull logo on the dial of this watch, although a better picture of the dial would be helpful. So it could be a rare edition made for that particular event. Watch quality looks fine in the pictures (although they are not good photos), and I think fakes of these old Formula 1 models are more evident