Yes, I doubt they actually exist
I searched on the subject and found several of the pages gave back a 404 Error. Chrono24 has dozens of them listed and almost all say NEW and UNWORN and are around $25k or list price.
Yes
They have made a number of halfhearted attempts to enter the dress watch market with very little success. At that price point you can do a lot better in VC and Patek (well maybe 4-5k more).
It’s beautiful.
But a presidential is also a dress watch. Yes it’s not on a leather strap. But all precious metal watch is dressy in my opinion.