Back in the 80's, I was dating a guy who owned his own financial corp. Nice house, BMW 5 Series, Country Club, Rolex, etc. One day he was in Pacific Palisades (posh, safe) for a meeting. As he approached his car in the parking garage, a guy flashed a gun and demanded his watch, then his car keys. Then-BF was not stupid, he gave them both up, thinking the car was a goner, too, but the dude pocketed the watch and fled on foot. Don't know if they still do this, but back then, when you bought a Rolex, they engraved your name on the back.
As soon as the robber fled, then-BF realized that the bad guy had his watch, keys and his name! Even worse, his Financial Corp was "Then-BF Financial", and the watch had "Then-BF" engraved on the back. A very tense few hours ensued, as he had to engage multiple locksmiths (home, office) to change all the locks at emergency-drop-everything-and-do-it-now rates. He had a hide-a-key and a spare keys for the car, but he sold it soon after because he was afraid it would get stolen at some point.
All in all, that Rolex cost him a lot of money...
And since the OP is not on this forum, a mini-rant: it's "p-a-i-d", not "payed", FFS!