eBay, the world's online auctioneer has been ordered to pay a solid 40 million Euro / $63 million for not being able to stop auctions selling counterfeit goods. The lawsuit against eBay was brought on by the LVMH(Louis Vuitton Moet Hennessey) group, which includes big names like Louis Vuitton, Givenchy and Christian Dior, and it saw the website accused of not doing its best to keep people from selling fake designer bags and perfumes. Tiffany & Company in the United States has also sued eBay, but the case is pending.
THANK GOODNESS.. I never buy goods on ebay cause of the fact.. of people being able to sell fake goods. It's not fair.. how some people get screwed. eBay can be a nasty place for the unwary and I don't think it's going to get any better. If it is true that 90% of the Louis Vuitton bags and Dior perfumes on eBay are fakes, shutting down the trade in these items on eBay may be reasonable. Perhaps this is the price eBay has to pay for not taking any real precautions. Let’s hope that eBay learned a lesson from this and will take bigger steps to prevent fakes being sold on the site.
Critics and trademark holders are looking more for a way to guarantee authenticity and possibly including series and/or serial numbers of the items for sale.
Whoa!! Ladies check your bags and now that I’m thinking about it, men check your wallets too…