AUSTIN, Texas — Expensive watches are a symbol of high status and a common sight at events like this past weekend's Formula 1 U.S. Grand Prix in Austin. They are also a prime target for thieves.

“It has been growing and has become a lucrative market across Europe and cities in the United States,” Carsten Andresen, an Associate Professor in the Criminal Justice Department at St. Edwards University, said. “They are easy to steal. This has been seen as an easy way to get an incredible amount of cash, and it is an item that's small and easy to move.”

At events like this, you have many wealthy people dressed to the nines, wearing some of their finest luxury items as they enjoy the excitement of the race.

“When people go to sporting events, they're there to have a great time and let loose, ha

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