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Saturday Mornings: EcoRing's Vanessa Leong on spotting luxury fakes
Manage episode 479383668 series 2902377
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The Wide World Segment on the “Saturday Mornings Show” with host Glenn van Zutphen and co-host Neil Humphreys talks with Vanessa Leong, Appraising Manager, EcoRing Singapore and their expertise in spotting fake luxury goods.The global, billion-dollar fake luxury market. We dive into how EcoRing sells pre-owned, authentic luxury products. We also discuss the Scale of the Counterfeit Market: According to a 2025 Forbes article, the U.S. counterfeit luxury goods market is estimated at a staggering $872 million. Vanessa Leong discusses the impact of these counterfeit products on brands, consumers, and the broader economy. Also the recent TikTok trend of Chinese Factories using TikTok to bypass tariffs and undercut high-end brands. Viral videos are enticing U.S. consumers with deals on items claiming to be from the same manufacturers as luxury brands like Louis Vuitton and Lululemon, at a fraction of the price.
Fake It Till You Make It?: We ask the crucial question: how are counterfeit goods reshaping consumer behavior, and what challenges are brands facing in combating this growing industry? Vanessa shares insights from the frontlines of appraising luxury goods.
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