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Riot Stolen watches

Discussion in 'Fine Watches, Jewelry, & Clothes' started by 3604u, Jun 2, 2020.

  1. 3604u

    3604u F1 Veteran
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    Sep 27, 2004
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    There was some reports of High End watches stolen .

    what happens when this watches hit the street ?

    this watches to me are total lost as their serial numbers would be recorded. , so I don’t understand what’s with the looters
     
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  3. Smiles

    Smiles Moderator
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    Possession of stolen goods is a crime almost everywhere.

    Matt
     
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  4. flat_plane_eddie

    flat_plane_eddie F1 Rookie
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    I don’t understand your question too well. What do you mean what’s with the looters? They’re either going to keep the watches or sell them. Even if they’re stolen there’s still a market for that, unfortunately.
     
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  5. WPOZZZ

    WPOZZZ F1 Rookie

    Aug 22, 2012
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    Exactly. Who knows how many hands will have touched that watch in a year. There might be some unsuspecting Joe buying a watch off Craigslist who thinks he's getting a pretty good deal. Then 5 years later he takes it in for servicing at Rolex and BAM! they hold the watch because it was reported stolen. There is no downside for the guy that stole it, unless he gets caught.
     
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  6. 3604u

    3604u F1 Veteran
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    I sympathise with the people who get racism . I get it quite a bit , but the most I would do is protest .
    stealing is a crime .

    back to my question , so this opportunist believe they can make money by flipping watches.

    Is there somewhere we can double check on watches? Like a vin check for cars before purchasing .

    might be a good idea to have a website that can do this checks . I was just finding a way to solve an issue .
     
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  8. ryalex

    ryalex Two Time F1 World Champ
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    Yeah, there are independent servicers. When you hear about black markets (cough Russia cough) there must be a way to move them undetected.


    Now whether these ****heads can make those connections, who knows.
     
  9. flat_plane_eddie

    flat_plane_eddie F1 Rookie
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    Sending watches or jewelry to Russia is very difficult from what I know. Most stolen watches are either sold at a discount to buyers who know (either in the US or overseas) or to customers who don't know (likewise, also to US or overseas buyers).
     
  10. WPOZZZ

    WPOZZZ F1 Rookie

    Aug 22, 2012
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    Protesting is very different from rioting and looting. Unfortunately, sometimes they go hand in hand. The rioters and looters are the opportunists. They want to cause trouble, damage/destroy things, and steal things because of the opportunity caused by the protests. Some have the motivation to steal and make a quick buck off the flip. Others steal for their personal use. Whatever the motivation, those are ill gotten gains.

    AFAIK, there is no such database for watches.
     
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  11. JP365

    JP365 Formula 3

    Mar 8, 2007
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    https://www.thewatchregister.com/
    the FBI also has a link for stolen high end watches www.jewelerssecurity.org
     
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  13. TWK

    TWK Karting
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    Some of the 'Watch' youtubers have covered this topic (Paul Thorpe comes to mind) including interviews with the Watch Register, and the challenges they face with keeping such a database. IIRC some of the manufacturers do not cooperate/share info.
     
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  14. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

    Dec 4, 2004
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    It appears Omega does not keep track of that when a watch is sent in for service. https://omegaforums.net/threads/omega-stolen-watches.41617/#post-487878

    Omega is probably not among the "high end" watches being mentioned in this thread, but some models do exceed $20k USD although uncommon.

    Funny thing though that Omega will not service my watch as it's custom/franken but would a stolen one apparently...
     
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  15. TheMayor

    TheMayor Eight Time F1 World Champ
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    Watch makers really don't care. They worry more about a replica. A stolen watch is not a lost sale. Its going to someone who wasn't going to buy one anyway.

    In fact its replaced by another to the dealer's inventory who probably got the money from insurance to buy a new one.
     
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  16. JP365

    JP365 Formula 3

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    It will be interesting to see how many insurers invoke the “Civil Unrest” clause and refuse to pay out.
     
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  17. Smiles

    Smiles Moderator
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    Have you ever seen that “clause” as an actual exception or exemption to an insurance claim?

    Matt
     
  18. JP365

    JP365 Formula 3

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    Not for watches, but My neighbor is my attorney. He is currently dealing with it for commercial clients related to warehouses. He is doing preemptive work currently in preparation. So far no insurers have denied claims.
     
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  19. JP365

    JP365 Formula 3

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  20. hwyman

    hwyman Formula Junior

    Jun 25, 2015
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    Lol that's quite the doomsday policy!!
     
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