The Champs-Élysées: An iconic yet risky place for wealthy tourists
Even though it is renowned as the most beautiful avenue in the world, the Champs-Élysées, the vibrant heart of Paris, can prove dangerous, especially for the wealthy.
Three individuals were recently arrested in Paris and detained for the theft of a luxury watch estimated at 1 million euros. The incident occurred on this famous Parisian avenue, with the victim being an American tourist.
Near the Pullman Hotel, three individuals attacked the American tourist, violently snatching his luxury watch, a diamond-studded Jacob & Co Bugatti Chiron. The thieves then fled… Watch for Life offers luxury watch insurance to protect you against theft, as well as accidents and loss of your watch.
Thanks to surveillance footage, the scene of the watch theft was reconstructed and the suspects identified. The malicious individuals had observed the American tourist for several hours before stealing his luxury watch.
Due to its rarity and value, the stolen watch would be difficult to resell on the market. In 2020, the watch brand Jacob & Co partnered with French car manufacturer Bugatti to create a unique luxury watch. This chronograph replicates the W16 engine of the Bugatti Chiron with its 16 pistons and crankshaft, housed in a titanium case. Composed of 578 components visible through a sapphire crystal, the watch mechanism bears the initials of Ettore Bugatti.
It is likely that the luxury watch was about to be dismantled so its precious materials could be sold. The three individuals have been charged and detained.
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Insure your watch collection and protect yourself against theft
Your passion for exceptional watches is as unique as the fine pieces that adorn your collection. However, in this dynamic world, it’s crucial to guarantee the security and preservation of these timeless jewels. Accurately valuing your collection can help you ensure adequate coverage in the event of theft, loss or damage. That’s where we come in, to offer you a precise, personalized appraisal.