Watches
Omega Blames Staffers Over Fake Record $3 Million Speedmaster
- Record Omega Broad Arrow sale was part of ‘criminal activity’
- Swatch Group’s Omega and Phillips say they are victims
Swiss watchmaker Omega alleged three former employees were involved in a criminal plot that resulted in the sale of a fake Speedmaster at auction for more than $3 million.
The timepiece, an Omega Speedmaster with ‘Broad Arrow’ hands from 1957, was in fact a “Frankenstein” watch, composed of an amalgam of mostly authentic parts from other vintage watches, the Biel, Switzerland-based company said in a statement in response to questions from Bloomberg.