A few thoughts I am having, and would love to have some debate on this...
With the release of the new BCE and steelfish and HBB ceramic models, and with other watches coming our way (Cousteau divers, possibly the long-awaited AP ROO), we seem to be miving into an exciting area of reps, with levels of detail I never would have anticipated in a rep. However, prices also seem to be reaching levels I, for one, am uncomfortable paying for a rep. I realize that this is a free market, and that prices are set by what the market will bear. If dealsrs begin to have unsold stock at a high price point, it would make sense that there would be some pressure to reduce price and move some stock.
Take, for example, the new ceramic HBB. Beautiful watch, impressive visually, but with a movement that is present in watches 1/3 the price, with some questions about long-term reliability, and with a history of screws falling out and other QC issues. These reps are getting too expensive to justify the fun of a quick purchase with occasional wear. I look around at other items that I could purchase for the same price point, and I start to ask myself, what would I get more enjoyment from? A new Apple iPhone, maybe ($599 list)? Watch videos, listen to music, camera, internet browsing, cell phone, IM, GPS, Google maps? Or perhaps a Sony Playstation 3 ($599 list)? 60 GB hard drive, media center capability, BluRay high-def player, video games in 1080p, WiFi, killer looks?
Thinking of these other things and the level of technology and sophistication required, I really scratch my head when I try to justify spending the same money on a replica item that I have absolutely no assurance will be working properly even 1 month after I buy it.