A friend and watch journalist in China posted an article recently. There is a gentleman that has visited ADs on several occassions to purchase watches (VC and other brands) as gifts for friends and business associates.
But when he wanted a nice watch for himself, he relied on a relative in the jewelry business, who suggested picking one up for him in Hong Kong because the pricing would be much better. The relative brought him a "VC", but with no box, papers, receipt, etc.
The gentleman wore it for 1-year before a different friend saw it and suggested he take it to an expert for an assessment. The following picture is the "VC" in question:
When told this watch was questionable, the owners attitude was "well if its worth only $15,000, thats OK: consider the money spent as a gift to a relative." When he found out it was only worth $50 max., he was not as sanguine.
Now, how much did he actually spend for the watch? $59,000!!!