Nick, welcome to the forum!
Ron is correct, but probably put the number of real, dressed up lugers as a handful, and they are known to the collecting frat, so any others, well the chance of them being real is nill.
Over the last 20 years, there have been several "made-up" guns sold for over 2k by a company called Mitchel (if I remember right) and a few others, but I really think the resale value is far less, to most collectors, the value is like what Ron said.
Ed
It is fairly easy to shrink pictures, the trick is learning the ways to do it.
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