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I brought them all to an authenticator in a popular Upper East Side consignment store, the nice, boutiquey kind that keeps "carefully authenticated" Louis Vuittons in locked glass cases. After peering at the fake for several minutes, the woman behind the counter sighed. A kind of counterfeit doyenne, she shills reps out of her Tribeca penthouse and uptown, where the extra room in her classic six serves as a showroom. "I have seen a lot of influencers at them and a few reality stars," says the Hamptons-based RepLady. Priced around $15, Walmart's women's black leather tote bag has a similar style and cross-grain leather as Kate Spade's All Day Large Tote that sells for around $228.

Perhaps there is a kingpin, but what’s more likely is that a number of New Yorkers, some of them wealthy, are acting as middlemen, shipping the bags over in bulk and holding the parties. The sellers usually let her keep 10 percent, and she estimates that she makes around $5,000 a month. She’s less concerned about getting in trouble with the law than about Facebook shutting her down.

The act of buying a fake handbag has been criminalized in NYC, but no one has ever been charged. Fake handbags are used to fund all sorts of nasty shit. I sell preloved designer handbags (insured/taxed/VAT registered etc) and some Mulberry that retail for £1295 now sell for £500. For £200 you could get a mulberry, Kate Spade, Hill &amp