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Victor Lustig: The Man Who Sold the Eiffel Tower

Katy & TheoEpisode 5 of Heists & Cons7 min

Heists & ConsEpisode 57 min · Katy & Theo
0:00-7:10

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He sold Paris's landmark for scrap. Twice. The second time, the buyers were police.

Transcript

Katy

Paris, nineteen twenty-five. A hotel suite at the Crillon, on the Place de la Concorde. Five of the richest scrap iron dealers in France are sitting there, wine in hand, and a man with a scar down his left cheek leans in and says... because of engineering faults, costly repairs, and political problems I cannot discuss, the tearing down of the Eiffel Tower has become mandatory.

Theo

And they believe him.

Katy

Every one of them. And here's the thing I want you holding onto... he did this twice. The second time, the room was a trap. And he still almost walked out of it.

Theo

Okay, hang on. Who IS this guy? Because "scar, speaks like an aristocrat" sounds like a Bond villain.

Katy

Born in Austria-Hungary in eighteen ninety. Calls himself Count Victor Lustig, which is not his real name. Six languages. Got the scar at nineteen from a jealous husband, according to the History Press. By his twenties he's working ocean liners between France and New York, posing as a producer looking for investors in a Broadway show that doesn't exist.

Theo

Classic.

Katy

But the ocean liner trick is where he builds his masterpiece. The money box.

Theo

The what?

Katy

A mahogany trunk, size of a steamer case, full of dummy levers and official-looking machinery. You put in a hundred dollar bill and a blank sheet of paper. Six hours of chemical processing, Lustig says. Out comes two hundreds.

Theo

It's just... there's a real bill hidden in there, isn't there.

Katy

He pre-loads it. And then he walks the mark to a bank to verify the note. The bank says it's genuine, obviously, because it IS genuine. Smithsonian says some smart New York gamblers paid forty-six thousand dollars for one of these boxes.

Theo

Forty-six thousand. In the twenties.

Katy

So. May, nineteen twenty-five. Lustig's in Paris and he reads a small newspaper piece about the Eiffel Tower. Gustave Eiffel had died two years before. Maintenance costs are brutal, attendance is down, and the paper floats the idea... maybe just take it down.

Theo

Wait, that was a genuine conversation people were having?

Katy

Genuinely. It was built as an entrance arch for the eighteen eighty-nine World's Fair. Never meant to be permanent. Artists hated it. Lustig quotes them in the pitch, he quotes Maupassant saying what will be thought of our generation if we do not smash this lanky pyramid.

Theo

Oh, that's good. He's not selling a lie, he's selling a thing they already half believe.

Katy

That's the whole con. He has a forger make him government stationery with the French seal, gives himself a title, Deputy Director General of the Ministry of Posts and Telegraphs. Writes to the five biggest scrap iron men in Paris. Vague, official, urgent. He even takes them on a tour of the Tower.

Theo

He gives them a site visit?

Katy

Seven thousand three hundred tons of iron, gentlemen, to the highest bidder. Top secret, naturally. Tell nobody.

Theo

And the secrecy is doing work, because nobody compares notes.

Katy

Exactly right. The bids come in. And Lustig has already picked his man... André Poisson. Which, I'm sorry, means fish.

Theo

No.

Katy

Poisson wants this badly. He's trying to break into Paris business society. So Lustig tells him congratulations, you've won... and then sighs and says, you know, public servants like me, we're expected to dress well, entertain lavishly, and the salary is meagre.

Theo

He asks for a bribe. On top of the fake sale.

Katy

El País puts it at seventy thousand francs. And THAT'S the genius move, because now Poisson thinks he's the one being clever. He thinks he's bought a corrupt official.

Theo

So when he works out he's been had, he can't go to the police without admitting he tried to bribe a government minister.

Katy

He never says a word. Lustig is in Vienna reading the French papers every morning waiting for the scandal, and... nothing. Silence.

Theo

Which must have been the most intoxicating silence of his life.

Katy

And he breaks his own golden rule. Never run the same con in the same place. He goes back to Paris, finds five new scrap dealers, same speech, same hotel world, same Tower.

Theo

Does it work?

Katy

It goes smoothly. Too smoothly. El País says the room was a police set-up. Other accounts just say this mark smelled it and called the police. Either way the story hits the papers and Lustig is on a boat to America with a head start measured in hours.

Theo

So the tiny mistake is just... greed. He wanted the applause again.

Katy

And he never stops. In America he swindles a Texas sheriff out of tax receipts. He borrows fifty thousand dollars from Al Capone, sits on it, gives it all back saying the scheme failed, and Capone is so moved by his honesty he hands him five thousand as a gift.

Theo

He conned Al Capone by being trustworthy.

Katy

Then in nineteen thirty he goes properly dark. A real counterfeiting ring, with a Nebraska chemist, Tom Shaw. Over a hundred thousand dollars a month pushed out through couriers who don't know what they're carrying. The Secret Service called it Lustig money. Nineteen thirty-five, they catch him with fifty-two thousand in fakes in a Times Square subway locker.

Theo

And that's it?

Katy

No. On the Sunday before Labor Day he ties bedsheets into a rope, cuts his bars, and swings out of the federal detention center in Manhattan. A crowd below points at him. So he pulls a rag from his pocket and starts cleaning the window.

Theo

Oh, come ON.

Katy

Lands on his feet, bows to them, and runs. Twenty-seven days later they have him again. Twenty years. Alcatraz. He dies in a prison medical center in Springfield, Missouri, in nineteen forty-seven. And on his death certificate, a clerk writes his occupation.

Theo

What did they put?

Katy

Apprentice salesman.

Theo

That's brutal.

Katy

One of his own rules was that you can't cheat an honest man. Poisson paid the bribe. The gamblers wanted free money. Capone wanted a quick double. Lustig never once had to invent greed... he just found it and stood where it was pointing. The Tower's still there. He's the one who got scrapped.

Sources

Katy and Theo researched this episode from these sources.

  1. The Man Who Sold the Eiffel Tower. Twice.
  2. Who sold the Eiffel Tower? - The Eiffel Tower
  3. Victor Lustig
  4. Victor Lustig | Biography | Research Starters | EBSCOhost
  5. La sensacional historia del conde que logró vender la Torre Eiffel más de una vez - BBC News Mundo
  6. The Smoothest Con Man That Ever Lived
  7. Smooth Operator: How Con Man "Count" Victor Lustig Sold The Eiffel Tower—Twice
  8. Arnaques financières: Victor Lustig, le vendeur de la tour Eiffel - Aujourd'hui l'économie - RFI
  9. Victor Lustig - The History Press
  10. The incredible story of the man who sold the Eiffel Tower (twice) | International | EL PAÍS English