Brand new 2005 Specialized, gone. My wife's matching bike, also gone. It hurts to be out over $1400 worth of equipment. We have a glimmer of hope though - our bikes were registered with the police. Want to keep your bike? If it was costly, make sure your lock is worth it! Although usually more expensive means harder to break, the unfortunate truth is that most bike locks - even the fancy high-end U-locks - can be cracked in under a minute (often under 20 seconds!). My lock didn't stop the thief from yanking my bike in broad daylight in a busy pedestrian area - yet nobody saw a thing. The best thing you can do to keep your ride (aside from a good lock) is to make sure there's a record of your ownership. Most college campuses will register your bike. If you aren't on a campus, there are alternatives. US resident? You can register your bike here. UK resident? Then go for this bike registry. And for pete's sake don't buy anything used unless you've run the serials first! If you have your bike yanked, there is help available. Unfortunately, thousands of bikes disappear regularly. Many end up in pawn shops. Some end up on eBay. Few are ever recovered. Hopefully you will have more luck than I did - but if not, remember that many renter's or homeowner's insurance policies will cover loss of a bike. So, file a police report, and keep those receipts folks! The more proof you have of what it cost, the easier it will be to get the insurance to cover your loss. I don't like paying the deductible, but it sure beats shelling out over a grand for replacement.
Stolen Bikes. It's a multimillion dollar business. Do you live in one of these places? How about a college town? Are you also a bike enthusiast? If so, you're at risk for losing your ride. Trust me - I found out the hard way.