Hollywood Hills Resident Burgled For His Watches

Jul 10, 2024,07:30 AM
 

Los Angeles, USA: On 9-July-2024 a watch collector's home was unfortunately burgled.  Thieves unfortunately got away with dozens of watches including Patek Philippes, Rolexes, Audemars Piguet, and other highly liquid brand-name luxury watches.  The value is in the millions.  The home was in Doheny Estates, an upscale enclave in the already upscale Hollywood Hills.  The home had a security system, however, the sophisticated thieves were able to disable the security system.  The resident of the home believes he was targeted and that the thieves likely knew his home's layout as they knew exactly where the security system control panel was kept - critical knowledge in order to disable the system.  





News Article:
https://ktla.com/news/local-news/thieves-ransack-hollywood-hills-home-in-multi-million-dollar-heist/

Now, we have a large group of our community live in Los Angeles, many in the Hollywood area.  Some of us even know the victim, recognize the victim, or have met the victim.  

Can this kind of crime be prevented?  Hard to say, sometimes if you're targeted, there's little you can do if someone else is determined.  But, remember to take precautions.  Don't get complacent.  Use more locks, safes, redundant security systems that run on different networks and at lest one should have a cellular backup.  Keep a minimal amount of jewelry at home, keep everything else at the bank.  And remember to take inventory of what you have at the bank!  Check out this article about safe deposit boxes:  www.watchprosite.com

For those of you who have domestic staff, remember to go over the contents of your home with the lead housekeeper every year to do an inventory audit.  Closely inspect each fork and knife to make sure that it's the correct one.  Have a scale with you - the silver knives weigh more - so if you have a utensil that doesn't feel quite right, check the dimensions with another utensil and check the weight.  

The watches stolen will be very difficult to resell.  However, various auction houses, such as Antiquorum and others, have helped traffic stolen goods.  Multiple WatchProSite readers have contacted auction houses like Antiquorum, informing them that one of their lots is stolen property, and that said lot is theirs.  Antiquorum instead of alerting the police, gives the watch back to the consignor as to metaphorically wipe their hands - and the watch is lost again - often for years.  Remember, auction houses make mistakes.  And if you want to know how auction houses cover up their mistakes; auction-houses sometimes ask the buyer to reconsign the questionable goods with the auction house and to keep quiet about the "questionable" parts.  Check out this CBS News story that was on 60 Minutes where a Billionaire Koch-brother realized a large percentage of his wine collection had dubious origins...

https://www.cbsnews.com/news/billionaire-koch-brothers-crusade-against-counterfeit-wine/

BILL KOCH: There is a code of silence in this business because obviously, the faker doesn't want anybody to know that he's making fake wine. The auction house doesn't wanna know that, and then, the collector himself generally doesn't wanna know it. Or if he finds out, he wants to find a secret way to dump it and get his money back. And that's why, you see, I was very unique in being the one who said, "I'm gonna stand up for it. I'm gonna shine a bright light on these fakers."

So always be careful when buying any used goods!  Remember to buy the seller!  The watches will be missing their paperwork, so be extra cautious about buying watches without boxes and papers!  

I can only hope that this unfortunate victim is able to recover some or all of his property.  As watches become more and more mainstream, mentioned more often in rap music lyrics, prominently worn in blockbuster movies such as The Avengers, and gloated on Facebook and Instagram...  ...well, as watches have become mainstream, these crimes will continue to increase in frequency.  


P.S.  I would encourage everyone to make helpful comments and avoid any unnecessary hurtful comments.  Our Terms of Conduct require all of us to behave as we would in a cocktail party - don't type anything you wouldn't say to someone's face.  Don't use the anonymity of the internet to say/type something you wouldn't say in person.  Thank you!  

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Comments: view entire thread 

Just saw this video. So sad to see. But he is right, we are a tight community and getting the word out will help.

 
By: s_haverford : July 10th, 2024-07:51
As a resident of LA, it hurts that people in our community are being targeted. The video definitely made it look like someone with key information was part of this robbery in some capacity. Only speculation but that’s the way it felt. I am hoping the indi... 

I speculate the same...

 
By: patrick_y : July 10th, 2024-15:37
I speculate that there was an "inside-job" component. Someone has been in this house before and knew where the security alarm mainframe is. Maybe a former electrician, or an Audio/Visual stereo system installer, or something else. So I speculate something... 

Clearly, another awful situation.

 
By: InHavenPro : July 10th, 2024-07:57
And also another example of why people with even more financial means are okay with paying hundreds of thousands, if not millions per year for round the clock security measures. I wish him good luck in recovering his watches!....

This really is terrible

 
By: marcobermann : July 10th, 2024-09:43
But becoming far too common in the times we live in, at least it appears no one was hurt. I'm not really sure the bank vault idea is such a good one personally as we know the lengths some of these criminals will go for just one watch on a wrist. Sorry but... 

You bring up a good point!

 
By: patrick_y : July 10th, 2024-15:44
That's true. People will do anything to get a watch off your wrist! In London, scores of young men have died, usually stabbed, by a perpetrator who wanted to steal their watch. And yes, the "bank" solution is not perfect neither. Yes, there are a lot of a... 

Bingo! That's the mistake everyone made!

 
By: patrick_y : July 11th, 2024-05:30
Because many of the owners of the watches were not at the physical auction house site. Thus, it was harder to get local police involved. So they called the auction house thinking the auction house would be customer centric and willing to help. Bad assumpt... 

It’s always an inside job when you hear a story like this.

 
By: gary_g : July 10th, 2024-10:25
It also goes to show you that you can only trust someone to a point. Hopefully he was smart enough to have his watches insured for market value.

I agree. In LA? The tale of two cities?

 
By: patrick_y : July 10th, 2024-15:47
LA is a tale of two cities. There's the glitz and glamour, and people there show it! Furthermore, the poor are aware of it! Everyone knows what a Ferrari is, a Rolls Royce. And now with rap music mentioning Audemars Piguet and Patek Philippe by name, even... 

Ugh! So true!

 
By: patrick_y : July 10th, 2024-16:01
Gut wrenching to think about it. I feel relatively safe wearing my matte titanium watch or a steel watch. Do you feel safe wearing an Alpine Eagle? The watch isn't too flashy, but that bracelet does have some polish to it.

Good to know!

 
By: patrick_y : July 10th, 2024-19:29
Being so accustomed to wearing a matte titanium watch these days... Even an Alpine Eagle seems a little flashy for me!

Indeed. That is a sad one!

 
By: patrick_y : July 10th, 2024-15:51
Many WatchProSite members have been to Newport Beach's Fashion Island. We've even had GTGs there - the last one we had down there was at a Greek restaurant there. Thank you for providing this article. I was very aware on the robbery - it's been mentioned ... 

Very close to where I live, and in a very safe town. Such a terrible outcome.

 
By: vitalsigns : July 11th, 2024-08:04
The District Attorney in Orange County, California will definitely prosecute hard, unlike some other DAs elsewhere.

Normal For Southern California In 2024... So Are Flash Mobs

 
By: enjoythemusic : July 10th, 2024-11:33
Sad, yes, yet very much expected for Southern California in 2023 / 2024 and perhaps 2025 and beyond. Here we have yet another flash mob, which caused ~$100,000 in damage. The police took NINE HOURS to respond. i humbly suggest Singapore, Saudi Arabia / Du... 

Oakland can be a scary place. It's the Wild West over there!

 
By: patrick_y : July 10th, 2024-16:03
I even try to avoid driving through Oakland if I can. The Mayor is even under investigation by the FBI which is not a good sign.

Sad for homeowner but lucky they are not harmed

 
By: TeutonicCarFan : July 10th, 2024-13:35
Today I find it is easy for upper class to become targets. Most have nanny, cleaners, landscapers, lawn service, chef/food servers (at least on occasion/party), etc. This adds so many people who can see the homeowner has a gold nautilus, or whatever they ... 

No doubt, they are targets!

 
By: patrick_y : July 10th, 2024-16:05
Domestic staff is a big one! A huge percentage of Uber drivers are former criminals. I wouldn't be surprised if some people who work as nannies and cleaners may come from a criminal background. Sometimes they're not even criminals - but gamblers who borro... 

I mean....

 
By: InHavenPro : July 11th, 2024-02:33
I've done executive protection for the Uber co-founder for almost a year, and despite not thinking about him individually in any unfavorable way, my opinion of the company itself has always been extremely polarized. I don't like the lax process of driver ... 

Yup. They have to be able to hire the drivers...

 
By: patrick_y : July 11th, 2024-05:10
Furthermore, the person who is driving you is often NOT the person listed on the app! In other words, a legitimate person signed into their Uber account and then passed the phone to another person to drive his car. I once had a driver who was a woman and ... 

Funnily enough....

 
By: InHavenPro : July 11th, 2024-05:18
I was sending and immediately deleting messages online long before Snapchat incorporated offering that exact strategy. Never could have I imagined that to become so popularized, then again I think the company still isn't turning tangible profits.... Anoth... 

I Have Known Luis For...

 
By: elliot55 : July 10th, 2024-16:22
...Many years. He is a very private person so there ia a short list of insiders that could be involved. Stay tuned. - Scott

Hi buddy! Haven't seen you in years!

 
By: patrick_y : July 10th, 2024-19:31
Hope you're doing well! And I hope they catch the sons of guns who committed this terrible crime. I did not sleep well last night!

Well, Hello There...

 
By: elliot55 : July 11th, 2024-17:40
... Yes, I took a little break from ALL social media. How the hell are you?

Still here!

 
By: patrick_y : July 11th, 2024-18:20
Haven't seen you in LA since forever. Too bad we don't do a lot of GTGs together anymore.

I Am Planning To Be...

 
By: elliot55 : July 12th, 2024-20:57
... At the next GTG. I think Dr. No said it will be at the end of August. Will do my darndest to be there. Look forward to seeing you soon. - Scott

Couple of years back, if you guys recall…

 
By: S F : July 11th, 2024-05:19
There was case in NZ and the heist was about US$2m. Don’t think there has been any progress in recovering the stolen watches….😰