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Fake Ferrari Ring Busted

Italian officials arrested 15 people involved in selling imitation Ferraris online. Wannabes could buy the knock-offs for only $30,000, a fraction of what the real thing would cost. Predominately made with pieces from American Pontiacs, included only a few pieces from the real 328 GTB. 14 cars, along with altered authentication papers, have been sold.

This story makes me ponder why people buy luxury goods. Is it only important that everyone thinks you're driving a Ferrari? Or is the real thing worth the price tag?

Do you think you could spot a counterfeit sports car, as well as you could spot counterfeit Gucci sunglasses?

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