I have no problem with homages, especially if they are not exact replicas with a different logo. But knockoffs? I think it is dishonest, and kind of absurd. I think it says a lot about the person! I think there is a large difference between person who buys a Parnis homage (well, more like a copy, but still) and a fake Panerai. Personally, I would not do either. But I would buy something from Magrette, which makes what could be called "Panerai inspired" watches. People who buy fakes are buying them for others. I guess I just cannot see a legitimate reason, other than some sort of nouveau riche desire to fit in and show off a certain image.