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The hottest picks: burglars' favourite luxury watches

By Noëmie Leclercq

Published on 20.03.2025 at 06:00 GMT

Customs officers and detectives investigating burglaries at the homes of luxury world bigwigs are likely to be paying close attention to a recent report detailing thefts last year of ultra-pricey timepieces.

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Spotlight
How luxury data hacks lead to home-jacking the super-rich

The customer records of high-end goods retailers and deluxe hotels are being actively targeted by organised crime networks, which use the personal information they contain to plan burglaries and break-ins at the properties of the ultra-wealthy.

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Spotlight
How street thefts fuel second-hand watch market

Despite the considerable police resources deployed in many European countries to combat street robberies of watches in the continent's most visited shopping districts, these crimes still spike during the summer months. The situation is not helped by the reluctance of some owners to report thefts and by the ease of selling on stolen goods via second-hand platforms.

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The watch trade is staging a fightback against street thefts and dubious second-hand transactions.

French courts call time on tax avoidance on second-hand watches

Resellers of luxury watches can no longer avoid paying tax. Previously they bought timepieces from private individuals without having to pay any dues, but the courts have now ruled that collector's watches are akin to jewellery.

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Richard Mille partner Peter Harrison opts for Italy's lump-sum tax regime

British businessman Peter Harrison, who distributes Richard Mille watches in Europe and the Middle East, has like many luxury tycoons recently taken up residence in Italy. A consequence of the flat-rate tax Giorgia Meloni's government is offering wealthy expats.

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Reservoir Watch changes hands

Reservoir Watch, the Parisian watchmaker placed in receivership in January, was hoping to find some last-minute financing to avoid a change in ownership. Its efforts were unsuccessful.

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In Focus
Luxury firms' backstage manoeuvring in French state auctions of seized goods

To put pressure on luxury brands and force them to keep closer tabs on who they sell to, French authorities are increasingly auctioning off bags, watches and other luxury goods seized from criminals. Such sales are disastrous for brand image, exposing the sector's dirty underbelly.

Subscribers only Entourage 06.02.2025

French authorities are increasingly auctioning off bags, watches and other luxury goods seized from criminals.

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Rolex's reluctance to certify its watches worries auction houses and buyers

With Rolex and other leading Swiss watchmakers unwilling to confirm the authenticity of their vintage models, major auction houses like Christie's and Sotheby's are increasingly concerned. They fear ending up in the firing line if they fail to spot a fake.

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Rolex is very cautious when it comes to certifying the authenticity of its vintage models.

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In Focus | Qatar's ruling family Who will inherit former emir's luxury assets? Maybourne Five-star London hotel The Emory under scrutiny over social housing pledges

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United Kingdom
The hottest picks: burglars' favourite luxury watches

Customs officers and detectives investigating burglaries at the homes of luxury world bigwigs are likely to be paying close attention to a recent report detailing thefts last year of ultra-pricey timepieces.

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Read also

Spotlight
How luxury data hacks lead to home-jacking the super-rich

Spotlight
How street thefts fuel second-hand watch market

French courts call time on tax avoidance on second-hand watches

Richard Mille partner Peter Harrison opts for Italy's lump-sum tax regime

Reservoir Watch changes hands

In Focus
Luxury firms' backstage manoeuvring in French state auctions of seized goods

Spotlight
Rolex's reluctance to certify its watches worries auction houses and buyers

In Focus
French luxury VIPs hit by wave of home-jackings

Milan luxury shops race for protection after recent robberies

Spotlight
Richard Mille's Singapore expansion rattled by money-laundering scandal

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United Kingdom The hottest picks: burglars' favourite luxury watches

Customs officers and detectives investigating burglaries at the homes of luxury world bigwigs are likely to be paying close attention to a recent report detailing thefts last year of ultra-pricey timepieces.

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Read also

Spotlight How luxury data hacks lead to home-jacking the super-rich

Spotlight How street thefts fuel second-hand watch market

French courts call time on tax avoidance on second-hand watches

Richard Mille partner Peter Harrison opts for Italy's lump-sum tax regime

Reservoir Watch changes hands

In Focus Luxury firms' backstage manoeuvring in French state auctions of seized goods

Spotlight Rolex's reluctance to certify its watches worries auction houses and buyers

In Focus French luxury VIPs hit by wave of home-jackings

Milan luxury shops race for protection after recent robberies

Spotlight Richard Mille's Singapore expansion rattled by money-laundering scandal

Headlines

Related topics to this article

Headlines

Related topics to this article

About Glitz

Subscription

Glitz on social media

Indigo Publications' websites

United Kingdom
The hottest picks: burglars' favourite luxury watches

Spotlight
How luxury data hacks lead to home-jacking the super-rich

Spotlight
How street thefts fuel second-hand watch market

In Focus
Luxury firms' backstage manoeuvring in French state auctions of seized goods

Spotlight
Rolex's reluctance to certify its watches worries auction houses and buyers

In Focus
French luxury VIPs hit by wave of home-jackings

Spotlight
Richard Mille's Singapore expansion rattled by money-laundering scandal