I have no idea how reliable this is but I looked at the picture under foto forensics and this is what came out, as you can see the "red" is a different color which means its likely photoshopped, the color is based on different compression levels in the picture.
Hello John,
1. Reading theory11's responses to the picture on Instagram, its reads like they are defending the decision to go with a Red Monarch.
2. Even if this picture is edited, it does not mean that Red Monarchs will not be on way to a theory11 warehouse from USPCC.
3. I find it very hard to believe theory11 would get the hype machine going unless they were prepared to deliver at some point.
We have said this before about other decks (red rounders) but this was an official post from theory11. I believe these will be a theory11 release.
*tl;dr Not saying they are real, not saying they aren't just putting info i have out there*
This has also been said about red arcanes, which just so happen to be real, and blue acorns, both of which were my idea to do in order to mess with the community, the second not as successful as the first though.
Theory 11 could have photo shopped a picture to test to see if red monarchs would be something the community would like, but we just don't know
I'm not saying red monarchs aren't real, i'm, also not saying they are. I don't know if they are an idea, in the process of being made, or are made and the red monarch in the picture is indeed real. I'm just providing information that i have gathered so others can form an opinion.