Two arrested in Cartier jewelry heist where $700,000 in watches were taken

[hrmjustin]

Eyewitness News
NEW YORK (WABC) -- Police commissioner William Bratton just announced two arrests have been made in the Cartier smash-and-grab heist. that took place in broad daylight Thursday, stealing hundreds of thousands of dollars of watches in just seconds.

Additional information is expected to be released shortly.

Five suspects entered the Cartier store at the corner of Fifth Avenue and 52nd Street at about 12:30 p.m. and smashed open a glass display case with a hammer.

Police said they made off with 16 wrist watches worth more than $700,000.

http://abclocal.go.com/wabc/story?section=news/local/new_york&id=9414042

[longship]

1. How can anybody snatch hundreds of dollars in watches in second?

16 watches? Man, parts of this world are really fucked up.

In my world, hundreds of dollars of watches would fill a few boxcars. No way anybody is going to pull a snatch and run with that lot.

[TexasProgresive]

2. $43,750 apiece

I wonder what the wholesale cost for those 16 watches is? Whenever retail stuff is stolen they seem to give the retail value and not what the actual loss is. I suppose they dun the insurance company for the retail value and make a tidy profit.