Maybe it has something to do with the fact that you already have all the watches that you ever wanted. I can say the same thing... well almost anyway. For me the rep collecting was all about getting the watches I admire the most... not to build a huge collection.
People can rarely respect what they already have. We always want more, better, cheaper, etc. I try to enjoy my watches every day... new and old.
I've been thinking about getting one expensive genuine, too... but I'm not sure I'd respect (or wear) it enough. Yeah, there's a quality difference. But with mass produced brands like Omega, Rolex, Breitling the difference in "feel" is not as dramatic as some people want you to believe. When you move to real high end territory it becomes more apparent of course.
I find it hilarious when some guys get their first genuine and all of a sudden they start looking reps down their noses... it almost looks like they have discovered Jesus or something... quite pathetic, really. We all know the gens are better, they have QC, but they also have the 10x or 20x price tags... go to the gen forums if you want to be an elitist WIS... most of us here still enjoy our reps. We know the facts and we don't want to hear all that same blahblah about gen vs. rep quality over and over again. My father is a gen collector and I see his watches all the time. And based on what I've seen I'm not willing to pay 4K for just another nice watch. I'll eventually get his Rolexes anyway.
I find reps more fascinating for some perverse reason... probably the main reason is this community being so cool. Lots of good friendships. I have also been extremely lucky with the reps. I don't recall ever having any kind of problem with the watches I've owned (except one movement problem with a MBW watch... which was later fixed). That's why I find it amazing that some people constantly have technical problems with their reps. I wonder how many of these problems arise because these people buy their reps from dropshippers... or think they're watchsmiths and perform all kinds of hardcore operations on them?
I'd like to see this community taking a one or two steps into "underground" direction now. I wish we could remove the forums from the Google somehow... but that's for another discussion.
@Andreww: I don't think there's interest in "our own watch brand". You can get fairly good genuines for around $250 already. It would just turn out to be another "RWG collaboration watch", remember?