Here is a Rolex branded, Tudor dialed watch from Hess Fine Auctions. The auction states -
The dial on this watch is in great to excellent condition, yet someone has changed the dial to say Tudor Rolex when in fact its an Oyster Tudor made by Rolex.
This does not change the fact that the dial is counterfeit and totally misrepresents the watch. This is not a Rolex, but a Tudor. The dial should have been removed and replaced with the correct dial before the auction. It is not unlike someone listing a counterfeit Submariner on ebay with a caveat that it is a replica.
It has been reported to Ebay.
http://cgi.ebay.com/Vintage-17J-Rose...item5add044b46