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.
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...
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!
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...
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 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...
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!....
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...
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...
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...
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...
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.
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 ...
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...
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 ...
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'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 ...
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 ...
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...