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Quote source : TimesOnline
Image souce : TimesOnline
EBay, the online auctioneer, is likely to face a barrage of lawsuits after it was ordered yesterday to pay €40 million (£31.5 million) in damages to LVMH, the French luxury goods group, for selling fake handbags, perfumes and haute couture.
In evidence, LVMH said 90 per cent of 300,000 products labelled Dior and 150,000 handbags purporting to be Louis Vuitton sold on eBay in the second quarter of 2006 had been fake.
The judges ruled that eBay had damaged the reputations of Louis Vuitton and Christian Dior Couture by selling counterfeit products.
And so eBay will be 35.1 milliion pounds poorer and I expect more money to leak from their coffers with all the lawsuits pending but I really wonder how it would be possible for eBay to verify the authenticity of every single item sold online? Their site's one gigantic flea market!
Then again, that's not my problem - it's eBay's. If I were a customer and I was duped into buying a fake Louis Vuitton, I guess I'd be pretty miffed, and I suppose eBay would be the one I'd target my cussing at.
LVMH should take a walk in the cities of Asia and see that the world doesn't need eBay to peddle fakes. It's doing fine without it.