Wow, most of you guys have no clue.
The example posted in the original post is indeed one of the 1990s solid gold reps of Daytona. Full real gold bracelets and cases (most likely from Italy as mentioned before), terrible quality dials and 7750 movements with incorrect spacing of subdials.
Expensive and pretty stupid as an idea but remember that reps did not look as good as they do look now around 20-25 years ago so there was quite a number of these that sold and were floating around for HIGH prices.