Hi! can I just ask you what model of BMW this was?
The same thing has happened on my 02 E46 320D (150BHP model)
The mechanics were quoting me €265 originally, but then when they realised it was for the higher BHP model, the price jumped to €340!!
I phoned BMW and the price they gave me was near enough €340
However on looking from your post, I phoned OTTO and they quoted me around €180??!!!
The guy in OTTO seems to think that this is the part I'm looking for, i.e. the crankshaft pulley that suits the 150Bhp model!