This much loved Malvern Star Oppy was stolen on 21 March 2020 from an apartment garage in Brunswick, Victoria. One month later the bike was identified for sale online by a suspect seller by not one but five 'Stolen Bike Spotters', who reported to directly to PropertyVAULT.
Unfortunately, the opportunity to recover the bike was lost, when the seller was tipped off by an overzealous social media poster, who alerted the suspect seller the bike was stolen ....arghhhh!
Pro tip: When hunting, keep quiet as you will scare off the prey.
The black market trade of stolen bikes has many participants - thief, knowing and unknowing handlers (licensed and unlicensed second-hand dealers and opportunist private traders), who are all in the business of making a buck. Greed is a powerful driver, especially when you get something for cheap or for zero dollars and you can quickly double your money. So it was no surprise when the bike turned up for sale and now double the price in the hands of an unlicensed second-hand dealer, who is known by the PropertyVAULT team to actively trade in bikes.
Not wanting to miss the opportunity this time, the police were quickly called to action and the bike was promptly recovered. Great job Victoria Police!
By removing the ability for thieves and handlers to profit out of stolen property most theft will disappear. Our unlicensed trader now knows that if wants to continue his unregulated business, that he now best check the VAULT before buying second-hand bikes.
Of course, I never thought I'd see my bike again when it was stolen from my apartment. About a month after registering it on BikeVAULT, I got a call from BikeVAULT, saying my bike had been found being sold online. BikeVAULT then worked with the police to help get it back. It was too easy, all I had to do was pick it up from the police station. I'm super grateful to everyone involved in getting it back.
Don't settle for just a bike lock, choose a premium VAULT lock and ID KIT bundle, and not only secure your bike, but secure your bikes ID and your ownership for life.
Bike theft is driven by the lucrative black market trade, aided by lacking bike identification, insufficient recording, and the inability for the public prior to BikeVAULT to check if a second-hand bike is stolen when advertised for sale.
Register your bike identification and your ownership in the VAULT for free and help us put the black market traders out of business an end targetted bike theft!
Not just bikes – You can now register all your assets vulnerable to theft in the VAULT, including your pets that commonly go walkabout! Check out our bespoke custom registration and stolen forms designed by asset identification and recovery experts.