Appraisers sift China second-hand luxury market for fakes

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Appraisers sift China second-hand luxury market for fakes eNCA

An expert eye for telling a bona fide Chanel handbag from a bogus one is a skill set in hot demand across China.BEIJING - It's the world's biggest market for luxury goods -- and their counterfeits -- so an expert eye for telling a bona fide Chanel handbag from a bogus one is a skill set in hot demand across China.

China's factories churn out huge quantities of luxury goods, much of which is destined for a domestic market worth about four trillion yuan , according to market researchers UIBE Luxury China. Trainees practice methods of verifying the authenticity of a handbag following a class at the Extraordinary Luxuries Business School in BeijingHis seven-day course teaches students how to detect forgeries, value second-hand goods and learn the skills needed to appraise luxury products.

China's second-hand luxury market value reached 17.3 billion yuan in 2020, almost double the previous year, according to consultancy Forward Business Information.

 

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Oh. Tell them to come to Jozi. U can get any brand name on the streets. And they’re so obviously fake. Everyone in jozi has an ‘LV’ 🤣🤣🤣 Astounding how they really believe others believe it’s real. 🤣🤣🤣

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