Links for 2012-08-31

  • What Happens to Stolen Bicycles?

    ‘Bike thievery is essentially a risk-free crime. If you were a criminal, that might just strike your fancy. If Goldman Sachs didn’t have more profitable market inefficencies to exploit, they might be out there arbitraging stolen bikes.’ Good summary, and I suspect a lot applies in Dublin too — flea markets and vanloads of stolen bikes being sent to other cities for reselling.

    (tags: via:hn economics crime bikes theft goldman-sachs)

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3 Comments

  1. Tom Cleary
    Posted September 22, 2012 at 18:15 | Permalink

    Unless there’s a “mass collection” at a Student Union etc. they get abandoned near where the thief lives, the neighbours report it, it gets collected by the Police, they keep it for 3 months, then it goes to auction, gets bought by 2nd hand dealers, then sold to students. It’s a life cycle thing. If it’s a Muddy Fox, or similar, then there’s a sub-plot about insurance claims. Und zo weiter. ;-)

  2. Justin
    Posted September 24, 2012 at 21:51 | Permalink

    Oh good, there’s a chance I’ll get my bike back then!

  3. Tom Cleary
    Posted October 1, 2012 at 16:34 | Permalink

    Usually, as long as you reported it stolen and have your post code engraved below the pedal bracket or you’re prepared to buy it back from a 2nd hand dealer. If it’s a REALLY nice bike, you might get the frame ( all the bits get stripped for spares ) or it’s in a container on it’s way to a “bargain bikes” store overseas, where the found property registers aren’t correlated.