Third-party reseller platform StockX recently released a report depicting their success in catching counterfeit products and protecting consumers. The information encompassed data compiled from June 1, 2022, through May 31, 2023. The report showed various data points designed to defend their authenticity verification which has come under plenty of fire this past year.
First, StockX brags about rejecting $90 million, or 300,000 products, over the year for not meeting their standards. However, they also claim to process 1,000,000 products every month. So if StockX processes 12,000,000m products annually and only rejects 300,000, they approve 97.5% of all products. While it's impossible to say if all are valid, that number seems a bit high.
The report goes on to name the most frequently counterfeited sneakers of the past year, and the Nike Dunk Low "Panda" and Adidas Yeezy Slide "Onyx took the top two spots. No surprise there as they were also 1 and 2 in terms of sales volume during the same period. Telfar Shopping Bags and a Supreme Box Logo Beanie were among the most faked non-sneaker products reviewed by StockX.
To be fair, the task of catching counterfeit goods is staggering as replicas' quality is getting better every year. StockX notes that in the future, they plan to incorporate machine learning techniques and embedded technologies such as RFID tokens to help them further their mission. Follow us on Twitter and Instagram for more news on sneakers, streetwear, and collectibles.
Images via StockX
Third-party reseller platform StockX recently released a report depicting their success in catching counterfeit products and protecting consumers. The information encompassed data compiled from June 1, 2022, through May 31, 2023. The report showed various data points designed to defend their authenticity verification which has come under plenty of fire this past year.
First, StockX brags about rejecting $90 million, or 300,000 products, over the year for not meeting their standards. However, they also claim to process 1,000,000 products every month. So if StockX processes 12,000,000m products annually and only rejects 300,000, they approve 97.5% of all products. While it's impossible to say if all are valid, that number seems a bit high.
The report goes on to name the most frequently counterfeited sneakers of the past year, and the Nike Dunk Low "Panda" and Adidas Yeezy Slide "Onyx took the top two spots. No surprise there as they were also 1 and 2 in terms of sales volume during the same period. Telfar Shopping Bags and a Supreme Box Logo Beanie were among the most faked non-sneaker products reviewed by StockX.
To be fair, the task of catching counterfeit goods is staggering as replicas' quality is getting better every year. StockX notes that in the future, they plan to incorporate machine learning techniques and embedded technologies such as RFID tokens to help them further their mission. Follow us on Twitter and Instagram for more news on sneakers, streetwear, and collectibles.
Images via StockX
