Selling Stolen Watches ‘More Lucrative Than Drugs’ article

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I think you have to reevaluate how one enjoys his/her watches depending on where you live and where you go. A sad reality.
 
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Definitely have to be more careful these days. Seems to be more of a problem in the UK and continental Europe rather than in Australia or SE Asia as I don't hear of many such stories in my part of the world (feel free to correct me if I'm wrong). Thankfully I don't own any "hot" watches like a Sub or GMT Master, so I mostly fly under the radar. But I still try to keep my nicer watches under wraps when I'm out and about, especially when touring overseas.
 
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Is there a waitlist for a Nautilus?
asking for my wife.
 
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I have a feeling it is easier to source the drugs.
Lol. It might be easier to source the drugs compared to trying to buy a Rolex at retail from an AD. But this article is about stealing the watches, which ironically might also be easier than buying the watch from an AD.
 
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The world is full of terrible people that most of us are not used to dealing with. Just a stark reminder to be careful out there. Best to all and stay safe.
 
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It is all about perception.

Lately when I show off my watch. I get stories like this. Even last night at dinner when I was lamenting not getting a watch I wanted (cheap.) I got a story about a Judge who's watch was stolen. Of course it was said to have been one with a big R on the dial.

Last year eBay said my search returned 6 million results. Now it is closer to 7 and a half to 8 million. Mostly I seem to see results from India. Probably just a statistical fact.

I do find it curious, that there is a watch (and now cell phone) for every person on this planet. That means there are 8 Billion watches out there.

Still not all watches are the same. 30 years ago I found close to the perfect watch. Yet I keep getting more. Because I can. Through legitimate means. The idea of watches being used as collateral is somewhat sickening. And does tend to make one question why some people feel that is the only way to get ahead in this world.
 
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The idea of watches being used as collateral is somewhat sickening. And does tend to make one question why some people feel that is the only way to get ahead in this world.
Totally agree. Sadly, certain watches have transcended from being "just watches" to being some kind of asset or investment vehicle for some people. IMHO this is the end product of a "perfect storm": the confluence of hype/flex culture, social media, investors/speculators, flippers, nouveau riche "crypto boys" and the Covid-19 pandemic. The height of this silliness is when I see protective stickers for SS Rolex sports watches being sold online as a means to "protect your investment". Oh, puh-leeez, gimme a break!
 
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I must admit, I only recently realised how high end watches were perfect cross border money moving devices. If you can buy a Richard Mille in cash for say 500k in one province, get on a plane and sell it (legitimately) in another province for more or less the same price, without raising much suspicion, you can see why those high value pieces are in demand. Watches are excellent, highly portable money moving devices. At the high value end anyway.
 
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I must admit, I only recently realised how high end watches were perfect cross border money moving devices. If you can buy a Richard Mille in cash for say 500k in one province, get on a plane and sell it (legitimately) in another province for more or less the same price, without raising much suspicion, you can see why those high value pieces are in demand. Watches are excellent, highly portable money moving devices. At the high value end anyway.
That's true. Most countries have import/export controls on cash and require you to declare to customs if you're carrying more than say, $10k cash. But a $20k watch? Come on through sir...
 
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I must admit, I only recently realised how high end watches were perfect cross border money moving devices. If you can buy a Richard Mille in cash for say 500k in one province, get on a plane and sell it (legitimately) in another province for more or less the same price, without raising much suspicion, you can see why those high value pieces are in demand. Watches are excellent, highly portable money moving devices. At the high value end anyway.

This has been going on forever, I remember back in the 60's and 70's when family members went abroad they would go devoid of rings necklaces and watches and come back laden with gold watches and rings, cameras etc to avoid customs duty.
 
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I must admit, I only recently realised how high end watches were perfect cross border money moving devices.

I bought a secondhand Rolex in Hong Kong once and thought how nice it was that the dealer offered to ship the box separately via courier... I realized in retrospect it was too make it easier for me to avoid any questions at customs!

It really is a perfect venue for money laundering, and if we're thinking it here on OF then clearly the bad guys are doing it at a large scale
 
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If you're selling crack, everybody knows it's crack. You, the police, your customers.
If you're selling a stolen watch nobody knows if it's stolen until they do some research. Harder to identify as a crime. Lots of plausible stories about why you're selling, and if you sell for cash the deal is done and you're gone before anybody knows the watch is hot. You can walk away from one sale with $10,000 in profit in your pocket. How many $20 vials of crack to you have to sell before you have anywhere near that much profit in your pocket?
 
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If you're selling crack, everybody knows it's crack. You, the police, your customers.
How many $20 vials of crack to you have to sell before you have anywhere near that much profit in your pocket?

With crack you have a repeat customer base.
oh wait with watches …..😁
 
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in south america, Rolex is THE target. I use my Omegas with no problem. Using natos, or straps instead of bracelets helps a lot, cheat the 'HAWK' vision of the thief...
 
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The article does feature Paul Thorpe who is a bit of a geezer and mainly looks to build the Paul Thorpe brand.
I did meet him at a London watch show (we all survived the travel unscathed) and he was a fun and friendly character.

Paul Thorpe was one of the UK's leading and most established independent watch dealers. Now retired, he is a full time Watch Journalist, Vlogger and is ……
 
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The article does feature Paul Thorpe who is a bit of a geezer and mainly looks to build the Paul Thorpe brand.
I did meet him at a London watch show (we all survived the travel unscathed) and he was a fun and friendly character.

Paul Thorpe was one of the UK's leading and most established independent watch dealers. Now retired, he is a full time Watch Journalist, Vlogger and is ……

Wasn't he the guy who pulled a big forum scam?
 
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Wasn't he the guy who pulled a big forum scam?
I believe it was some other guy and this dude somehow chose to involve himself later on in some way but I forget the details. He didn’t do anything wrong though.