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@Airhead
I've only parked in that spot a couple of times, but mostly for 5-8 hours. I don't think it was pre-meditated in this case. I think the police are happy to catch who they can, they don't seem to have much of a handle on organised theft and the subtext seems to be "look after your possessions yourself" but it does make you realise how quickly/easily things, even fairly big things can disappear. They are mostly worried about violent theft and crime I guess.
At least we're not getting held up at gunpoint. There's a u tube video from a Brazil where some guy gets held up for his bike at gunpoint and one gets shot by a passing cop. They just leave him on the floor for a few minutes. Good to watch if your bike's just been stolen.