Wednesday, May 10, 2006

Faking it at The Highest Level....

Remember back in 2000, Les Manufactures Horlogères (LMH - you know Jaeger-LeCoultre, IWC and Lange) being bought from Mannesmann by Richemont? Well I had dinner the other night with one of the strategy team at Mannesmann that was involved in that decision, and I had to chuckle.

When I politely pointed out that his watch was an "unusual" Patek, he took it off to show me and lo and behold admitted it was a fake.... It turned out that he had it back even then during those negotiations and at one point someone had asked him over coffee how much his watch was worth and he'd replied casually, "Oh, about twenty five thousand ".......

Yeah, lire maybe.

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