When it comes to counterfeits, not all fashion brands are equally popular


By AGENCY

When it comes to counterfeiting, not all brands are equally popular, it seems. Photo: StockSnap

If there's one sector that doesn't seem to be struggling, it's the market for counterfeit goods.

It owes this robust economic health to the luxury sector, copying designer creations and selling fake versions at lower prices. Brands such as Louis Vuitton and Gucci are among the most sought-after names among consumers looking for fake products.

When it comes to counterfeiting, not all luxury brands are equal, it seems.

A Uswitch study looked at the most popular brands among consumers of counterfeit goods. It turns out that the majority of counterfeit shoppers are looking to buy "Rolex" watches... at knockdown prices.

Read more: Fast fashion is winning the social media battle, says latest study

In fact, each year, the term "fake Rolex" is searched online over 225,000 times.

And that's perhaps not surprising, given the high price of the genuine Swiss timepieces, ranging from around €5,000 (approximately RM25,000) for entry-level models to several tens of thousands of euros for collector pieces that are sometimes over 20 years old.

Last year, a Daytona Paul Newman model in yellow gold sold for 663,000 Swiss francs (approximately RM3mil) at Christie's.

Louis Vuitton and Gucci also feature among the brands whose counterfeits are the most popular online, with 118,800 and 87,600 searches respectively.

The rapper Kanye West's Yeezy brand of is also coveted by fashion fans who aren't too bothered about the authenticity of the items they wear (37,200 online searches).

From fakes to 'fake fakes'

It's the same story for the Crocs brand and its iconic clogs. Once considered the height of uncool, these colourful shoes have made their way into the wardrobes of millions of consumers.

And some don't hesitate to look for fakes online, as evidenced by the 25,200 annual searches reported in the study.

While some brands fall victim to counterfeiting more often than others, the same is true of specific products. For example, fake Gucci belts and sneakers generate the most searches online, followed by Kanye West's Yeezy Boost 350 sneakers.

Read more: Luxury fashion spending to increase in the next six months, says new study

These findings are consistent with a 2019 report from the Organisation For Economic Co-operation And Development (OECD) on the trade in counterfeit goods.

This fraudulent market now represents 3.3% of world trade, and is dominated by shoes and clothing.

Faced with this booming phenomenon, brands are responding in various ways. Some, like Supreme and Dior, have decided to parody counterfeiting by producing their own "fakes"" turning the tables on those copying their designs. – AFP Relaxnews

Glam up your wardrobe without breaking the bank with Zalora Voucher

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

fashion , Rolex , Gucci , Louis Vuitton , Crocs , trends

   

Next In Style

Yellow, flowers, frills? Everything bright and beautiful at London Fashion Week
Alexander McQueen's designs on display at Salem witch trial exhibition
The watchmaking world looks beyond time to capture a new generation of consumers Premium
'The ambassador for the non-conformists': Amy Winehouse, as seen by her stylist
Decoding the enduring style of James Bond, the world's favourite secret agent
The faux fur coat could be the star piece of this season's fashion
If you must know, 'green' stockings are fashion's new cool and sexy
Indian actress Deepika Padukone launches her own line of beauty products
Bright colours and bold choices reign on the Emmys red carpet
Style Watch: Malaysian artiste Foo Bihzhu is fashionably larger than life

Stories You'll Enjoy


Vouchers