A warning and alert to the VC community

As some of you know, one of VC's ADs in Singapore was recently victimized in a significant theft of over 300 hundred timepieces, valued at almost 8 million Singapore dollars.  It is reasonable to expect that some VC watches were included in this crime and I urge all potential buyers, not just in Singapore or Asia, to be careful if they are presented with an opportunity to buy pieces from non-AD sources. 

I will provide more information as and when it is available for release.

Hi Duncan! You mean it happened in Singapore?
01/02/2009 - 07:58
Yes, in Singapore. :-( (nt)
01/02/2009 - 09:15
Hard to believe that it happened in Singapore!
01/02/2009 - 14:46
Well, these things can happen anywhere...
01/02/2009 - 14:57
especially if the crime is committed as an "inside" job.  It is alleged that the crime was perpetrated by a former employee of the retailer.  Unfortunately, there are bad and dishonest people in every country around the world and Singapore is no exception. However, the Singapore authorities and Interpol are hunting for this individual and I can only hope that he is apprehended soon so that he can face the consequences of his alleged crimes. Duncan
It is hanging time again
01/03/2009 - 19:21
If you are aware of Singapore justice.
Some additional information...
01/02/2009 - 09:28
as it relates to Vacheron Constantin. There were over 20 VC timepieces taken in this theft and their combined retail value exceeds S$2 million.  Included in this group of watches was a complete set of Les Masques and almost a complete set of the newly launched Quai de l'Ile collection. Please be vigilant and careful when buying from non-AD sources.  It should also be noted that not only the watches were taken but also their respective papers and certificates as well.  All of the service centers have been notified about the crime and have a list of the pieces taken.  Also, notification is going out to VC retailer network as well. If you have any doubts or concerns, then please contact VC as it would be horrible for anyone to buy a watch, only to find that it is stolen and then it becomes a total loss for them. If there is additional pertinent information, then I will let your guys know. Cheers, Duncan
01/02/2009 - 13:18
I'd heard about the theft and the amount staggers me. The fact that a complete set of Les Masques and QDIs were taken just leaves me breathless......Fingers crossed that they will all be found safe and sound.
We are all hopeful, including...
01/02/2009 - 15:06
brands and collectors, that the watches will be recovered and the criminals caught and punished.  In fact, I was speaking with a competitor of the victimized retailer and they expressed sympathy for them.  It seems that this was the final culmination of a difficult year for the industry.  May 2009 bring much better times for everyone. Cheers, Duncan
crazy! Considering it happened in one of the safest places in the
01/02/2009 - 10:36
world. hanks for the heads up
I still consider Singapore to be one of the safest countries...
01/02/2009 - 14:59
in the world and also a fabulous place for watch collectors. Don't be scared off Alex, as we are still eagerly anticipating your visit. Cheers, Duncan
Alex, Singapore is still very safe,
01/04/2009 - 03:10

In this case, I was informed that it was an insider job.  However, I believe there is one big syndicate behind this theft. One of the AD's employees is missing and the police is looking for him to "assist in investigation". To me, it is not easy to dispose off over 300 pieces of high end watches discreetly.  Let's see how they are going to do "watch laundering". Regards Ling

I read about it in the paper.
01/04/2009 - 13:22
I am still in Singapore and the news are faster to get. It'd be helpful if we could know which VC timepieces were stolen so al can be on alert not to purchase any if offered. Thanks for the alert Duncan!
Hi Rei, yes, it has been big news here in Singapore...
01/04/2009 - 23:15
due to the scale of the theft.  I am not sure if a complete list can be published here but I will check.  As you probably noticed, I did mention a some of the most significant watches (Les Masques and Quai de l'Ile) that were taken. In general, as we all well know, the safest thing to do is buy from an VC appointed AD.  They are far less likely to buy and sell stolen goods. Cheers, Duncan
Per your request Rei...
01/05/2009 - 14:23
I have posted a complete list of the stolen VC watches here. Cheers, Duncan
Thank you so much Duncan! (nt)
01/06/2009 - 04:38