What's shaping the soak-the-rich watch-stealing spree? Just ask Jay-Z and Beyoncé
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And that, I suspect, is what’s making watch owners targets. But we ought not blame the victims, or suggest that people need to hide signs of their wealth.should have the right to walk around this city without having their watch stolen — whether it’s a Timex or a Rolex.High-end timepieces seem to have become the jewelry theft equivalent ofin the stolen dog world. Think Lady Gaga, who offered a $500,000 reward after her pups were stolen and her dog walker shot last year.
Watch thefts have been rising for years, particularly in big cities like New York and L.A. — and abroad in London, Paris and Amsterdam, cities where a victim who resists risks losing a hand or worse. People “who were flush and bored and needed to blow off steam” began building their watch collections during the pandemic. But coronavirus lockdowns stalled watch creation and production, shrinking supplies and raising prices — just as the cryptocurrency wave created a flood of newly minted millionaires eager to broadcast their status with insanely expensive bling on their wrists.
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