the street robbers of pre-internet days would’ve likely gone to the local pawn shop with the stolen loot. It’s probably much easier to move those watches around and sell them, e.g. So, while the number of people wearing gold Rolexes may not have increased much, the number of people wearing valuable watches has. Of course, today a stainless AP Royal Oak or a Patek on a rubber strap (Aquanaut) can cost more than a gold Rolex more people know what those watches are and what they can go for. Everyone in the 1980s knew that a gold Rolex was worth a lot of money. Why risk robbing a liquor store (where you can get shot and killed by the store owner or the police) when you can commit a cyber crime and, say, counterfeit some tickets to a Lakers game? Thanks to social media, people are becoming aware of what watches are and what they go for. I think in general criminals want the biggest bang for the buck. Even the County Sheriff Alex Villanueva has spoken about it. These stories always generate clicks and find eyes, but may also cause us to lock up our watches out of fear, thereby 'robbing' us of true enjoyment these pieces deserve on the wrist.Ĭan‘t speak for the rest of the country but crime is noticeably up in Los Angeles. The point here is we should always be thoughtful and careful with our watches, but not alarmed and afraid based on the stories we read. Could it possibly mean watch theft is actually down since then? While most recent year data isn't available, trends seem to indicate theft is down significantly since it peaked in 80s and early 90s. Take a look at the chart below which shows the rate of robbery and burglary in US based on FBI data. Here is my question, are watch crimes really up, or is there simply more media and social media attention, given the rise in popularity of wristwatches? We may never know, because.there aren't actual statistics covering watch theft. Timepiece Gentleman allegedly had $1M worth of watches stolen last December.
A recent story about a businessman in Houston that came back to his home where four gunmen were waiting to grab his watches. There was a nurse driving with his arm out in LA that was targeted with a hit and run to grab his Rolex.
Just about every week I come across the forum or somewhere in the news or FB, a story about watch theft. They have less than their min 60% participation so far, so inaccuracy is moving the needle again. Another 38 submitted the convenient "summary data" and one didn't report at all.įor 's even worse. To go further, of the 90 Group 1 cities in the US-populations 250,000 or over-only 51 submitted accurate NIBRS data.
Another 6,021 only submitted "summary" data, which is voluntarily categorized in whatever way that LEA decides it to be, and 2,718 agencies reported nothing at all. In regards to the 2020 National Incident-Based Reporting System (NIBRS) data provided recently by the UCR Program-the most complete data FBI has for the most recent calendar year- one can plainly see how of the 18,619 recognized LEAs in the United States as of CY2020, only 9,880 of those submitted via the NIBRS. FBI also requires a minimum 60% participation threshold or else they will not aggregate some of the statistics, effectively turning their "data" into what it really is all along, an educated guess that can be spun whichever direction an entity wants it to go, for their own narratives.Ĭase in point. The FBI crime data is flawed because LEA participation is voluntary and how the data is collected is not the same across LEAs. It mentions one outside the Four Seasons Hotel, which is about three blocks from our place: Here's an article about a rash of such thefts in late 2021.
#Timepiece gentleman net worth full
As a result, I normally wear a beater watch when I'm outside at night, and I sometimes carry just my license, one credit card, and about $40 instead of a full wallet.
I don't know the statistics, but I haven't been as concerned about street crime in Center City since about 1991. One of my students was robbed of his Rolex in the middle of downtown, and a friend's cousin was recently beaten and robbed at the edge of my neighborhood-which is one of the nicest in the city. I live in the downtown Center City region, which is normally almost devoid of muggings and robberies, but they have definitely been on the rise including watch theft. Click to expand.I believe it's essentially the same in Philadelphia, and I think it stems largely from the pandemic, relaxed law enforcement in some parts of the city during 20, and other factors you mention.
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