Recent years have seen some of the biggest art forgeries of the 20th century, including a $79.6 million Austrian case of forged certificates and replicas by Pablo Picasso and Claude Monet. According to the FBI’s art crime unit, art frauds, forgeries and fakes total $6 billion annually. In an industry plagued by authenticity and traceability issues, could Blockchain… Continue reading Could Blockchain Technology Help Prevent Art Market Fraud?
When you think about shopping for engagement rings, Costco Wholesale Corporation probably isn’t the first retailer that comes to mind. However, the warehouse club chain was desperately trying to claim a growing share of the fine jewelry market – by offering “Tiffany” diamond engagement rings. In doing so, Costco has been charged with trademark infringement… Continue reading Tiffany’s Triumph in Costco Trademark Case
In an effort to compete with Amazon, Walmart.com has significantly increased its product selection by offering items from third-party sellers. While third-party offerings provide consumers with more options, online shoppers may want to proceed with caution. Launched in 2009, Walmart’s Marketplace allowed select retailers to list their products on Walmart.com. Recent partnerships have ballooned Walmart.com’s product… Continue reading Attention Walmart.com Shoppers: Now Offering Counterfeits
Digital commerce poses both immense opportunities and serious threats to brands, consumers and whole economies. With 4.7 billion online consumers predicted by 2020 , it will become easier than ever for counterfeiters to exploit brands through e-commerce. Rogue websites, online auctions and the darknet provide a global, anonymous and lucrative channel for counterfeiters – one… Continue reading Outsmarting Counterfeiters
Much has changed since Amazon.com opened its virtual doors on the World Wide Web in July 1995. Today, the world’s largest online retailer offers 500 million products sold by 2 million sellers; many of which are third-party vendors. In fact, 50 percent of units purchased last year were sold by third-party sellers. While many third-party… Continue reading Prime Issues: Keeping Counterfeits Off Amazon
On a daily basis, billions of people use the internet to buy and sell goods and services. The booming online economy has created an ideal environment for counterfeiters, whose trade has burgeoned. The internet has revolutionized the way counterfeiters operate and remains a highly lucrative and sophisticated criminal environment. Counterfeiters are no longer sequestered to… Continue reading Why Counterfeiters Love the Internet
On June 07, 2017, the New York Senate passed Bill S1974 and delivered it to the New York Assembly– a proposal that has been stalled in the state legislature for three years. The purpose of the Bill is “to enhance protections under the law for individuals who are employed as art authenticator in the visual… Continue reading The Perils of Art Authentication
According to Forbes, 15-30% of Internet searches on watches involve people looking for replicas. But what’s the big deal with buying a knockoff watch anyway? Why you should not buy a fake watch Quality & Reliability Because fake watches are made as cheaply as possible, they generally have very short lifespans. Made with low quality… Continue reading Why You Should Not Buy a Fake Watch
When it comes to buying authentic products, it’s important to know the difference between “authorized” and “unauthorized” dealers. What is an “Authorized” Dealer? An authorized retailer has a contractual relationship with a manufacturer. Simply put, authorized dealers are granted official rights to sell the brand’s merchandise. This relationship benefits both the retailer and the manufacturer.… Continue reading Authorized vs. Unauthorized Dealers: What’s the Difference?
Curtailing consumers’ desire for fake goods is crucial to winning the war on counterfeiting. Since the counterfeit market is driven by consumers’ desire for authentic luxury goods, researchers have begun to examine what motivates consumers to make luxury purchases, which can offer an understanding of why consumers buy counterfeit goods. From this, marketers can formulate… Continue reading How Culture Influences Counterfeit Luxury Purchases