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This is true. I went there once and took me 20 minutes to get a price for an expanding stronglight seatpost (that at the end I didn't buy, because measuring the diameter turned out it was different from the listed size).
The Laser was an Italian national team bike (with stripped Italia decals), pretty used and chipped, but I guess that's the right price for a "high-street" shop.
Cinelli Laser Pista at https://shop.cicli-berlinetta.de/product/cinelli-laser-pista-bicycle/
Yours for 12,000 £. Unless you are that lucky guy who finds the 12k diamond launched into space and believed to have landed in Lincolnshire, forget about it. http://www.independent.co.uk/news/uk/home-news/diamond-launched-into-space-has-landed-in-lincolnshire-in-finders-keepers-treasure-hunt-9655228.html