the poretl arguments are really interesting. And the whole topic is. I think the point is always the same when we consider and reasonate about counterfeit things (bags, watches, apparel, etc..) its imho brand sentiment, and shared values (among our friend, families, etc.).
I would never buy a fake jeans/shoes/cap/belts and I do spend insane money for these things, but I'm not taken by that sense of "fakish" when I do spend for rep watches. Maybe not for the money (If do sum my latest spending for shoes, jackets, etc I could have bought a gen pam like 000 or 111...) but for our ( I mean people who love reps) attitude towards watches and rep world itself.
REp business is a kind of game, with a continue sense of novelty ("have been this point solved?...")..
That is maybe why we spend money for overpriced reps. We are "in love" with the brands (noob factory, h factory, and the dealers..) and we look always for new emotions..
Imagine to came across a dealer who sells REP of the REPS. Maybe lot of us won't feel ok to buy a REP of REP , since It could be considered at a lower lever (not for the quality itself)...
I'm just a noob in the rep world, but I'm already taken by the fever. And I'm already linked only to some dealers and not others....