Honestly? I don't either. You are likely right about the insurance. That said, this sort of... exchange under duress is not good for the fabric of society. Economies where your shit gets jacked at the bar tend to have less innovation and production than economies where you can walk around wearing a Rolex at night. Absolutely correct. Only if it retains its value after theft. You can't do that with cars. Stolen cars need to be fenced out to places where they don't care about serial numbers. Blockchain permits a VIN-number-equivalent tracking of ALL GOODS. Which is why it's coming.I don’t really feel bad for anyone loosing a 10k $ + watch.
They are all insured anyway so probably zero fucks given all around.
This is also a product of the extreme wealth disparity in the uk.
A watch like that is worth more than a years worth of labor for many so it makes sense that they would get stolen if you parade it around in the wrong crowds.