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Richmond is full of people (and places) with more expensive shit on (in) them than bikes.
Crashing people off bikes so you're now in possession of a damaged, stolen road bike may even be dumber than the machete waving.
You can all keep arguing about it, doesn't change the fact there's a bunch of easier, higher value targets with less risk. They have to be pretty fucking high to have come up with this as their best money making scheme.
Surely it’s situational to some extent - if you live on an estate in Roehampton or Putney you might not be rubbing shoulders with Rolex wearing city boys on a daily basis - however every Saturday and Sunday you watch a stream of them ride past on 4K + bikes so it seems like an easy mark, local so they know the area / escape routes, have a lock up / flat they can chuck the bikes in etc. Threat of stabbing is going to be enough for most lone males to not put up a fight.
Also pretty easy visually even from a distance to pick out high value bikes - deep carbon wheels, disc brakes, branded frame