Richard Mille Watches Stolen, Street Crime & Mistakes Made by Luxury Watch Collectors

Tim Mosso's "Watches Tonight" discusses common mistakes made by luxury watch collectors. The rising frequency of watch theft by street criminals, the propensity of watch collectors to lose the box and papers for their watches, and excessive emphasis on social media often lead to unfortunate outcomes for buyers of luxury watches. This episode is less of a "buyer's guide" for watch enthusiasts than it is a guide to avoiding buyer's remorse. The Richard Mille RM 67-02 Extra Flat watch launched in 2016, but this entry level Richard Mille watch model maintained a fairly low profile until July of 2021. In an episode seemingly repeated endlessly in cities around the world, McLaren Formula One driver Lando Norris suffered a mugging and theft of his Richard Mille watch following a Euro 2020 final between England and Italy. The RM 67-02 includes a retail price of over $120,000, but the market value as a preowned watch is far higher. Extreme demand for these timepieces mean watch-targeting criminals often have waiting buyers for their stolen goods. The Wembley mugging of Lando Norris recalls former F1 Chief Bernie Ecclestone's loss of his Hublot watch from 2010. However, more criminals -- including professionals -- are targeting high value luxury watches in 2021, and mainstream news headlines proclaiming the theft of Richard Mille timepieces have become common. Rolex, Patek Philippe, Audemars Piguet, and Richard Mille watches have become popular targets for criminals seeking high-val