Dear Ken:

As I write this letter, I am wearing my new Patek Phillipe Perpetual Calendar Reference No. 3940. 1 have wanted to own this watch since I began collecting in 1971.

Capetown's prompt, dependable and honorable performance in relation to the last Patek I purchased from you, made me willing to buy this extremely valuable watch from you without hesitation. I am confident we will continue to do business in the future. Please feel free to pass along my name and testimonial to your business and trustworthiness.

Warmest personal regards,

Ivan L. Gold
President
Portland, OR