Gardaí seize over 100 bicycles worth €250,000

godtabh

Might be useful to some.

https://m.independent.ie/irish-news/gardai-seize-over-100-bicycles-worth-250000-38816059.html

Probably just the tip of the iceberg

bonaparte2

Confirmation , were it needed, that bicycle theft is organized crime and deserves to be treated seriously

velo.2010

Great news... I hope all owners are reunited with their bikes.

However, there may be some damage to bikes given the way they are packed (or simply fcuked on top of each other) in that trailer. It looks like its only half full, so they were expecting to pack in many more bikes. Just how many full trailers have been shipped off abroad before now?

zell12

€250k ÷ 116 bikes = avg €2155 per bike

:eek:

jon1981

zell12 wrote: »

€250k ÷ 116 bikes = avg €2155 per bike

:eek:

Probably about right. Some of the bikes were likely stolen with decent garmins and lights attached too.

smacl

jon1981 wrote: »

Probably about right. Some of the bikes were likely stolen with decent garmins and lights attached too.

I'm guessing the €250k quoted is new replacement cost at RRP for owners where resale value as a second hand stolen item is a fraction of that.

De Bhál

I'm looking forward to the Web page with all the bikes photos.
I've had a couple of bikes stolen, one Canyon in 2013 from shed and a Boardman in 2016 from work, not near thst price, but I always live in hope that they'll show up.

Kaisr Sose

De Bhál wrote: »

I'm looking forward to the Web page with all the bikes photos.
I've had a couple of bikes stolen, one Canyon in 2013 from shed and a Boardman in 2016 from work, not near thst price, but I always live in hope that they'll show up.

Thats awful. Hope you do get good news!

Its organised crime. Garda must have had some Intel on something to go out there for bikes. Newcastle has had its fair share of drugs, arms and now bike seizures.

Beasty

I suspect this relates to thefts over the past year or so, as if it's that organised they were probably moving them outside Ireland to sell reasonably regularly. The way they've all been dumped on top of each other makes you wonder if there's been damage done to some of them

From the article: "It is estimated that the value of the items is approximately €250,000 owing to the uniqueness and specialisation of the bikes"

I agree that must be "new" value but there must be a fair chance that anyone who has had their road bike stolen in and around Dublin over the past year or so must have a good chance of finding it among that lot

The reference to "ongoing investigations" is encouraging as it suggests the Gardai have been taking bike theft seriously, perhaps in the context of some of the examples of some people being targeted when actually on their expensive road bikes

Here's hoping some of the guys posting here either in this thread or the stolen bikes thread are able to recover their bikes

emclau

Great news indeed.

Hopefully followed up by some arrests in the ongoing investigation... Scum of the earth those responsible for this..

De Bhál

Kaisr Sose wrote: »

Thats awful. Hope you do get good news!

Thanks but there's pretty much zero chance míne are there, I'm just looking forward to seeing the photos really and maybe reading about a few scobes going to jail for a while.

Altheus

smacl wrote: »

I'm guessing the €250k quoted is new replacement cost at RRP for owners where resale value as a second hand stolen item is a fraction of that.

Insurance companies will pay near RRP with just a 10-20% drop in value over time, so that's what they're worth if people claimed them on their house insurance.

nikkisscy

definitely organised crime gang...they put the narcoman to steal them , pay them pennies for each bike and then export them as a clean business man...pretty cool I must say but nasty

Phoebas

As these were high value bikes presumably their serial numbers will be known and they'll have been reported stolen, so most should find their way home.

But what happens to the rest? Auctioned off by the Gardai?

rubadub

zell12 wrote: »

€250k ÷ 116 bikes = avg €2155 per bike

:eek:

You can usually take a couple of zeros off the gardai valuations.

Below is €50,000 worth of cannabis also seized in the raid

Cee-Jay-Cee

Grossly over-valued. They googled a few of the makes/models and took the current model price and used it. I seen 5 or 6 photos of the bikes and there was nothing high end, there was a 10 yr old TCR in one shot and so if someone who has no knowledge Googled a price and took a middle of the road TCR model as an example price then they’d get €2500 whereas the actual bike recovered wasn’t worth €500. The photo also showed a 4 or 5 year old Carrera from Halfords worth maybe €100, A Willier worth maybe a grand at a push and a few budget mountain bikes. Now I’m sure there were possibly valuable bikes in the haul but the vast majority were run of the mill entry level bikes, I’d guesstimate total value of the revolved bikes at maybe €50000 max

endacl

In the Old West, a bastard would hang for stealin’ a man’s horse.