$67M Jewelry Heist

[DWalt]

This was on the tube last night:
"LONDON -- Jewelry believed to be worth tens of millions of dollars has been stolen from the house of British billionaire heiress Tamara Ecclestone in London after she left the home for the Christmas holidays, with her father suggesting the robbery could be an "inside job.""

The value was said to be $67M. It amazes me that (1) why anyone on earth would want to accumulate that much jewelry and (2) even if they did, why they would keep it at home instead of inside a high security vault. I wonder how the thieves could possibly fence so much loot. The caper would probably make a good movie.

 

[s&wchad]

Wow, this following the Dresden Museum heist last month. It makes me wonder if the same gang is involved...

Jewellery of 'immeasurable worth' stolen in dramatic Dresden museum heist | World news | The Guardian

 

[daglockman]

I bet her father is onto something.... Like Rick James once said "cocaine is a heII of a drug...."

 

[steveno]

I'm sure the insurance company will have something to say about the actual worth.

 

[Ivan the Butcher]

My wife keeps all her jewelry around the house! I would estimate it as worth 67 Million Peruvian Centavos! (most was acquired from the "Fine Jewelry" department at Walmart!)

Ivan

 

[cbore]

And I felt bad when some one stole on OLD model 10 from me.

 

[Dave from Pa]

I guess it is possible to have too much money.

 

[old bear]

Reference posts 1, 3, and 4: you are forgetting the old saw, “the rich are different from the rest of us, they are rich.” Many of these folks have had so much money, for so many years we mortals CAN’T comprehend that fact.

 

[vytoland]

these stories are soooooo entertaining..........i look forward for this kind of stuff every hour on the news channels.....it enriches my life and increases the wealth of knowledge to my brain.....

 

[DWalt]

Let's assume reports are correct, and Daddy has a net worth of over $1B. The loss of all that jewelry (if uninsured and going with the $67M value) if not somehow recovered is probably less than 7% of his net worth, and won't land him (or his daughter) in the poorhouse. I don't know whether under British tax regulations that a theft is considered a deductible expense, but if so, much less than a 7% haircut.

 

[LVSteve]

Reference posts 1, 3, and 4: you are forgetting the old saw, “the rich are different from the rest of us, they are rich.” Many of these folks have had so much money, for so many years we mortals CAN’T comprehend that fact.

This, no question. The truly rich live...differently. Many people who consider themselves "rich", are in fact merely "comfortable" when the real rich are taken into account.

 

[Dave.357]

Prime suspect The Pink Panther

 

[BC38]

Prime suspect The Pink Panther

Better call Inspector Clouseau...

 

[Abbynormal]

Anything to do with Bernie Ecclestone aka "the evil troll" has a SMELL to it.

I wouldn't shake hands with him, lest worrying I'd lose some body parts or my life doing it.

I wouldn't trust him!

 

[chief38]

While 67 million seems like an astronomical amount to most people, like you have stated, if they are multi-billionaires it would be a mere pittance. I would not be surprised if many people have approximately the same dollar percentage of jewelry to their worth.

I would also think that jewelry from an estate like that would actually be difficult to fence. It would probably bring much unwanted attention and so thieves would probably have to get rid of it cheap.

 

[UncleEd]

A bit of perspective:

Currently at least one presidential
candidate in the 2020 race has
already spent nearly twice that
$67 million or will shortly on TV ads.

To quote from The Producers: "When
you got it, baby, flaunt it!"

 

[old bear]

I would also think that jewelry from an estate like that would actually be difficult to fence. It would probably bring much unwanted attention and so thieves would probably have to get rid of it cheap.

If there is a fence, the sale price was determined ahead of time; I’m sure it would be cents on the dollar, but at 67-M that’s still a lot of cents

If this is really happened, I think one of two things could happen. The jewelry will be broken down into components and sold as High Dollar scrap. Second the insurer will pay a nice, no questions asked, reward, for the return of the goods.

 

[Farmer17]

My wife's friend from High School works for a museum in Dallas and is in charge of logging every item in the museum and making sure it's properly preserved and cared for. She gave us a private tour that was very interesting and I asked her what was the most valuable item in the museum and she showed me a large solid gold impressionist head of a man and said it was appraised at about 2 million bucks. The funny part was, when the guy donated it she tested the head and discovered that it wasn't solid gold and she was really worried about telling the donor, but she gave him the bad news. He started laughing and said that he made a replica of the original to display when there was a possibility the original head might get stolen and he accidentally gave the fake head to the museum by mistake! She was so relieved he wasn't mad and he then gave her the real gold head. I told her "I wonder if it was really a mistake"? What if the donor gave her the fake head to get a 2 million dollar tax deduction then kept the real gold head to melt down and have about a $1,000,000 dollars worth of gold? She said "WOW I never thought of that"? Just because people have a lot of money doesn't mean they won't do dishonest things to make a little bit more.

 

[Mule Packer]

WHOA!!! Sixty-seven million dollars worth of jewelry???!!! Okay, tell me...just where in the heck would a person wear that much jewelry ever?...or even part of it? Can we all say "over accessorizing?" The guy who copped it probably did the poor gal a favor by keeping her from getting dinged by the fashion police.