I shopped for this $260000 Patek Philippe watch at Tiffany's and compared a $60 Chinatown knock ...

As a novice, paying the equivalent of a college education for a watch seems insane Since I'm still paying off my own four-year degree, an authentic Patek Philippe is light years out of my budget I wanted to see how a more affordable option might stack up, so I headed to New York City's Chinatown, where street hawkers are known to sell knock-offs of the world's finest luxury brands.

Amid the cover of a crowded street, a man asking if I'm interested in watches flashes a laminated list of brand names like Rolex, Gucci - and Patek Philippe He hands me a watch that vaguely resembles a Patek model, except he's willing to sell it for just $60 in cash The watch looked somewhat convincing to me, though the embossed stamp on the back of the band read "GENUINE LEATHER," a laughably unnecessary statement for a watch that is supposed to cost six figures. Source