I'm watching this thread closely.
Just to pitch in with some useless info, my mother bought a little 'copy' LV bag as a gift for my wife from a street trader in Italy. She had with her a friend who owned several genuine LV items and couldn't believe the quality of the hawker's stuff.
That was about 5 years ago, and the leather on the single strap handle has aged EXACTLY like the genuine article.
Source of bag unknown, but there were newspaper articles in Italy at the time claiming OE factories were running night-time shifts and the extra inventory was leaving out the back door.
PS. Who's 'Ken'?