Half of Fake Watches Are Rolex Replicas, Watchfinder CEO Says
- Used dealer says as much as 10% of watches received are bogus
- Fake watches are now more sophisticated, CEO says in interview
A counterfeit Rolex watch.
Photographer: Patrick T. Fallon/AFP/Getty ImagesThis article is for subscribers only.
The number of sophisticated fake watches uncovered by pre-owned dealer Watchfinder & Co is rising, with Rolex replicas accounting for about half of the knockoffs.
As many as 10% of the watches received from sellers last year were determined to be fakes during an authentication process, according to Watchfinder Chief Executive Officer, Arjen van de Vall.