Counterfeit Value
Sunday, August 24th, 2008Google’s G-mail has a wonderful SPAM filter which, when coupled with my ISP’s excellent service, means that I get virtually no SPAM in my e-mail. However, there is a bit of a price to pay for this. I must check me G-mail every day to insure that no legitimate messages have been swept up with the trash. As I sift through the bogus names, offers for cheap drugs, and anatomical enhancement, I note quite a number of folks selling replica watches, handbags and other cheap knock-offs of famous-name goods.
*Sonic.net, in Santa Rosa,
When I consider the idea of a replica – let’s take a Rolex watch as an example – what’s the real value of a cheap copy to the purchaser? Obviously, it’s not the quality of goods. Replicas typically cost much less than the real thing because they’re shoddily made. It’s not the price, because there are many extremely accurate and durable watch brands available at less cost than the scamsters are asking for faux Oyster Perpetuals.
At the end of the day, I believe the value of the replica – especially if it’s a reasonably good copy – is its appearance. The replica Rolex looks to the un- or semi-trained eye like the real thing. The wearer hopes to convey the impression to any stranger or casual acquaintance that they are sporting an expensive watch. In other words, they are perpetrating a fraud in the hopes of garnering esteem. I don’t believe they’re trying to impress their real friends. The people close to them know the truth. The replica purchaser may even brag about the great deal he or she got on the “Rolex.”
Well “duh,” you say. There has long been a sub rosa market for faux Gucci handbags, and anyone who’s been overseas has seen copies of expensive watches and cameras for sale, but lately this onslaught of replicas has started me thinking about the actual value that the legitimate brands being copied confer on their owners.
As much as Rolex, Omega’s, Breitling, and other “high performance” watches claim to be about durability, accuracy, and manifold functions, they’re really just about the ostentatious display of wealth. Few folks who would buy a Titanium-cased, triple-sealed, screw-stem, crystal-faced timepiece that’s rated waterproof to the depth of the Mariana Trench ever wear it anyplace more dangerous than the backseat of a cab.
In other words, these high-end watch makers are selling expensive watches whose outstanding benefit to the buyer is that everyone knows that they’re expensive watches. I can see that some of you are rolling your eyes because you’re thinking that it’s just dawned on me that watches are just another form of gaudy jewelry.
My point is that, if the purpose of a brand is merely to demonstrate ostentatious consumption, then why bother with creating quality, or for that matter function, at all? Why not just take any old thing and slap a high price it on it – making sure of course that you’ve extensively publicized the cost?
A number of years ago I read that Bijan of Rodeo Drive, which claims to be the “one and only ‘by appointment only’ boutique” and is renowned as the single most expensive store in the world, offered a Colt pistol for four to five times the usual retail cost. The justification for the exorbitant price bump was some extraneous plating and the application of the Bijan logo to the pistol’s frame.
Think about this…with the exception of street gangs, LA residents don’t openly sport firearms. And gang-bangers tend to favor weapons that are untraceable. The owner of the Bijan Colt has spent 4-5 times more than he needed to just to demonstrate that…he can.
So what’s the alternative? Unless your business is about parting a fool from his money, make your product (or service) about nothing less than functional quality and, if possible, superiority. That way no one can create a cheap knockoff. And for those folks who buy brands to show off to others? They will be demonstrating an appreciation of superior function, not just elevated cost.






