Well, the hat Antimachos wears looks like a variant of the kausia hat to me, while the one Demetrios wears might be a mix (or adoption, most likely) of Baktrian fashion. The Baktrian Greeks did adopt many Baktrian fashions, AFAIK. The elephant is most probably because the animal played an important role in their society, or just to show off his power [which comes from his possession of elephants].
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