Is it really a Prada, Hermes or Louis Vuitton? Or something made in China. In December of 2018 federal agents with U.S. Immigration and Customs Enforcement executed a search warrant at a Collinsville, AL home and seizing counterfeit merchandise valued more than $500,000. This is just a fraction of the fake handbag trade that occurs in this country. Fakes are getting more realistic and more difficult to spot. While distinguishing a fake from a real handbag used to be a fairly straightforward process, there’s been an explosion of what some are calling “super fakes,” “Triple-A fakes” or “line-for-lines” over the past five or so years. To the untrained eye, they look like the real thing. You might even have one yourself and not know it. (God forbid!)
A few years ago, you could judge fakes by the color of a leather handle, the type of metal used for the hardware or the lining and know instantly that it was counterfeit. Now that you can find these super knockoffs made with the same, or nearly identical, materials, as the real thing. This means the process of spotting fakes has gotten much more complicated and nuanced.
It’s Clear that not everyone can spot a knock-off, even a trained eye can have difficulty. This is why our evaluation process involves Entrupy, powered by smart AI. In a nutshell, it’s a luxury handbag authentication solution on the market to provide trust to buyers and sellers of luxury handbags. Entrupy utilizes high-quality data to continually improve the algorithms that differentiate between fake and authentic items, which in turn, delivers results at a 99.1% accuracy rate.
Tired of your handbag? Why not use it as collateral for a cash advance (always in style) instead of sitting in your closet in the dustbin. Get started with an evaluation of your asset here. We’re the experts.