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I think Hodinkee ran a recent "buyers, beware" article on a red Ranger on eBay.
From personal experience, quite a few well-made Franken or fake vintage Tudors could be found in Vietnam up to about 7 years ago, including Tudor Submariners, some with beautifully redone snowflake dials and replica cases. They all had original ETA movements however. I've also see red Rangers too. At that time, each was going for about $200.
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