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Something new to worry about

A businessman had his $800,000 watch stolen in Paris off his wrist after being asked for a cigarette. Of course, something like this would never happen to me because I am smart enough to leave the Richard Mille at home and only wear the Rolex.

Posted by
746 posts

Surely he read the travel cautions and had left his good watch at home.

Posted by
3164 posts

I am very happy with my $300 watch.

You would think that someone with that expensive a watch would have more sense and perhaps would have a bodyguard.
When we travel, my wife takes none of her expensive jewelry.

Posted by
3349 posts

If you can afford that price for a watch, you can afford insurance to cover it.

Posted by
7425 posts

He shoulda had it in his moneybelt. Just sayin'.

Posted by
19904 posts

Don't have a lot of concern. Obviously if you have a $800,000 watch then you can afford to lose it if you don't insure it. If it is truly worth it, it will be hard to resell.

Posted by
1125 posts

He shoulda had it in his moneybelt.

Excatly what I was thinking. That, and this proves that any time someone talks to you, you should immediately run the other direction, yelling "police police!"

Posted by
1125 posts

it will be hard to resell

Not according to the article. Apparently there is quite a robust resale market. Which is why this has apparently become a "thing."

Posted by
14226 posts

I had no idea such a thing existed. $30 Walmart watch here. Maybe I should see whether I can get a replacement strap with "Walmart" in large letters. No use taking any chances.

In all seriousness, I read a long time ago that the pros can easily distinguish expensive leather goods (purses, belts, shoes) and sometimes use that information to choose targets. I don't know whether there's any truth in that. That was a long time ago, way before the advent of expensive electronics being used on the street.

Posted by
746 posts

At this point, my watch batteries are worth more than my watch.

Posted by
40 posts

Wow, that is not exactly an understated timepiece, if I saw it on someone's wrist I would think it was costume jewelry!

Posted by
758 posts

Not $800,000 but a true story, as true as I'm sitting here or wherever else I'm sitting. Several years ago, on the first or second backstreet from the lakeside at Lugano, I was window shopping as my missus was looking for a scarf elsewhere. I love a nice watch. This was a Rolex, 19,995 euros, a white face with a leather burgundy strap, right up my alley. I was ogling this watch a good ten minutes (my wife is a very slow shopper).

A young man steps out of the store and says something I don't understand. He then says, "A nice watch, no?"
I say, "Yes, but does it do this?" At that point I press the crown of my $40.00 (Canadian) Timex and the face turns a lovely gas flame blue. It was a deal breaker.

Posted by
2733 posts

First, I would never have a watch worth that much. I would rather spend that type of money on traveling in my private jet.

Second, I don't smoke so I would not fall for this scam no matter what watch I am wearing. This article just proves that smoking is hazardous to you in more ways than most of us think.

Posted by
3878 posts

Mine's a Timex worth about $50 new. It doesn't produce flame but it does light up when I push in the button. From now on I'll keep it in my money belt. At least when I'm in Paris.

Posted by
912 posts

That's what happens if you're not watching your surroundings at any given time......

Posted by
4504 posts

First, I would never have a watch worth that much. I would rather spend that type of money on traveling in my private jet.

But Mark, don’t you know that people with this kind of money don’t have to choose between one or the other!!!!?? They don’t have to worry about trade-offs or opportunity costs.

Posted by
5154 posts

If you are in London and see a really sad faced businessman, its because it is his syndicate that wrote to 'all risk' policy for the victim of the theft.

Next time spend the extra $100 for the Pac-safe watch band with the wire imbedded in the band?

Posted by
4401 posts

Maybe some of you remember when President GHW Bush got his watch taken while shaking hands in crowd in Albania. If the Secret Service can't stop them . . . .

Posted by
1369 posts

I’m pretty sure I don’t have to worry about losing a $800 watch much less an $800,000 :)

I can skip worrying

Posted by
30382 posts

I doubt that anyone would be interested in my $20 Casio, so I'm probably safe. I'm sure the resale market for those is just about non-existent.

Posted by
5154 posts

I’m pretty sure I don’t have to worry about losing a $800 watch much less an $800,000 :)
I can skip worrying

I would not be so sure. Its a lot easier to fence an $800 watch than a $800k one

Posted by
59 posts

I am a watch fan and have a couple of nice pieces. Not anything close to a Richard Mille, though. I used to worry about taking them overseas but stopped fretting years ago. Never had a problem at all. After all, Europeans wear theirs all time right?

However, a few years ago, we had to take a taxi from Orvieto to Florence after our rental car broke down. The taxi driver had a Rolex Submariner on as well. As we entered the Florence city limits, he switched the watch from his left wrist to his right. I asked why and he said that moped riding thieves were known to ride up next to open windows at stoplights and steal watches from the driver’s arms.

Situational awareness is important no matter where you live.

Posted by
1192 posts

Something similar happen in Barcelona this summer during the violent-crime wave we had. I think it was also a Frenchman, but he was just simply mugged of his €800,000 watch, somewhere near to the Columbus statue if I recall...

Posted by
11376 posts

Indiglo is a great feature and no thief will take a second look when you're wearing your Timex. I don't wear my travel Timex like I used to but I keep my watch to something I paid under $100 for at Costco. Thieves can spot anything valuable a mile away, it's their living.

I think it's rare to have something taken off your wrist, but anything that attracts attention of thieves will greatly increase the chance that your wallet goes missing, your purse or pocket finds itself unzipped/lighter or a purchase doesn't make it back to the hotel from your shopping trip.

Barcelona (Ramblas) and Madrid (central Plazas) are still the places I've felt the heaviest thief vibe to date. I don't think the thieves were Spanish.

Posted by
63 posts

Yeah, somehow I don't feel bad for him. He probably has insurance, and if you can afford to have a $800,000 watch, I am pretty sure he feels like he had his pen stolen or something. :)