Raiders Steal $10m of Luxury Watches

By John Jeffay / November 29, 2022 / / Article Link

(IDEX Online) - Over 1,000 high-end watches, with an estimated value of over $10m, have been stolen from a safe deposit facility in Berlin.They were being stored by Watchmaster, one of Europe's largest pre-owned watch traders, mostly on behalf of customers who were selling them.Many of the watches were Rolex, Patek Philippe, Omega, Audemars Piguet and Breitling, according to the company's CEO Tim-Hendrick Meyer.A number of lockers were targeted last Saturday in a vault owned by Vallog GmbH on Fasanenstrasse, near the center of the German capital.The raiders broke through a 1.75meter-thick steel door to reach the watches, said a report by the German news portal total value of the raid could yet rise considerably. Lockers being used by other clients were also targeted.It is understood that watch owners are covered by Watchmaster's insurance.Pic courtesy Watchmaster

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