Authentication and StockX’s global arms race against fraudsters

Authentication and StockX’s global arms race against fraudsters

As we have seen in part of this EC-1, the enthusiastic community of sneakers collectors has transformed into a multi-million dollar business worldwide, in part due to the impact of StockX’s on this surplus market.

Individual couples can sell for more than $100,000, and as sneakers move from cultural symbols to cultural assets, they have become the target of increasingly fast-growing criminal groups. StockX is fighting an arms race against international criminals who could kill if they could catch through authentication processes. Every year, StockX improves its practices and every year, its opponents sharpen their skills, getting one more detail accurately. Sneaker Fraud Big Business: Feeds seized millions of dollars worth of counterfeit shoes in just one round last year.

According to some estimates, the market for sneaker counterfeit products is growing and is now within the range of nine images. StockX expresses itself most in the growing sequence process of authentication as the key to community confidence and the international expansion of the organization. Yet with all its resources and expertise, it may not always get it 100% accurately.

In this part of EC-1, we will explore how authentication started on StockX and how it grew, as well as what it would take to compete with the counterfeiters – and when an organization gets a decision wrong, we will discover it. 

Blake Yarbrough, a longtime sneaker collector and YouTuber for new sneakers, has always wanted sneakers from Nike’s Tom Sachs Mars Yard. The 2012 Additional Exclusive Release features vector fabric from the airbags of the original Mars Travel Rover.

However, as a one-time director at FinishLine, he could not afford to spend more than retail sneakers. “The real pair of 2012 is what I really wanted and still want, but they’ve just spent a lot more money. When 2.0 came out in 2017 I liked the materials and whatever it is, the color is a bit different but I am still I like it.” He chose a pair for pair $ 1,650 – from StockX in 2015 – spending the most on shoes at this time and wearing them frequently and carefully, even removing the insoles and replacing them with other inserts so that the insoles do not spread as graphics. There is a quote Tom Sachs Nike’s box that says, “This shoe is only valid if it is worn by you and involves death. There is no need to apply for poser. ”Unlike some shoe collectors or resellers who keep their shoes“dead”or in an unknown condition, Yarbrough takes that message to heart.