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My experience was it was extremely understated, and I had several IRL examples in the rather short time I owned one. Once I was in a meeting with a guy that had a 5-digit Sub, so I asked him about it and we had a discussion about the watch and its history. Afterwards he looks at my Exp I and asks "so what kind of watch is that?"
I've also walked into at least two non-Rolex watch ADs and had the salesperson ask me what kind of watch I was wearing. Now I know SAs all have different levels of knowledge, but another SA at one of these ADs recognized a Grand Seiko on my wrist. And SAs at non-Rolex ADs almost always comment if I'm wearing my Sub or esp the BLNR. Never a comment about the Exp I, ever.
So yea, imo, extremely understated.
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