The counterfeit culture is eroding the markets at breakneck speed. There have been consignments carrying million worth of fake Air Jordans, Yeezy’s, and more recently fake Louis Vuitton bags were sold for a mere $100 even before the originals are sold at LV stores. Today we learn Customs and Border Protection agents in Cincinnati took over 200 fake Rolexes from a shipment that came from China. The manifest for the shipment was named “Timer,” and was intercepted on its way to New York on August 28. The shipment manifested as “timer” contains 200 knock-offs of the all gold Rolex Day-Date with gold dial known as the Presidential. They were falsely declared to hold a value of only $1 plus the bubble-wrapped packaging was a dead giveaway. Had they been genuine, the watches would have been worth more than $2.5 million. Not too long ago US Customs seized thousands of fake Yeezys and Dior x Air Jordan 1 sneakers worth $4.3 million in Texas.
Cincinnati Port Director Richard Gillespie issued a statement on the matter, saying, “Intellectual property theft threatens America’s economic vitality and funds criminal activities and organized crime. Our officers are dedicated to protecting private industry and consumers by removing these kinds of shipments from our commerce.” The counterfeit culture is so widespread that luxury brand Gucci literally dedicated a collection mocking the fake knock-offs called the Fake/Not collection.
[Via: Vlad Tv]
