Marcel Duchamp’s Bicycle Wheel

Almost a century ago, the artist Marcel Duchamp put a bicycle fork and wheel on top of a stool in his studio. He said it was something to look at, like flames in a fireplace. When you spin a wheel with shiny spokes in a light you get a wonderful rhythmic sparkling display.
QUESTION 1.
What kind of visual effect can be seen in such a spinning wheel?
QUESTION 2.
How many official copies have been made and signed by the artist?
QUESTION 3.
What is a the major difference in these official copies?
BONUS QUESTION:
What feature of the bicycle wheel is most often not mentioned?

1. a mirror
2. a dozen
3. the forks are different
no idea on the bonus