I know there's all sorts of statistics out there, so I apologise if this figure is incorrect. I heard somewhere that all bikes nicked with the intention of shipping to Europe makes the thief £500 quid "per unit". If correct then whether your bike is worth £1000 or £20,000, the thief gets only a fraction of the bike's true value! Not that they will give a toss, £500 to them is still a good pay day for a day's work.
After been the victim of bike theft myself, i've become paranoid about security. I'm in the process of moving house from a two bedroom house without a garage, to a three bed with a garage. At the moment i'm keeping my Fazer locked in my dad's garage, but when I make the move i'm going to be putting a ground anchor in, alarm, upgrading the garage door security, gps tracker etc. My dad thinks i'm being excessive spending all that money to secure a £1600 bike, but to me it is my pride and joy! I don't want to risk giving another thieving little shit the satisfaction of ripping me off, if anything I want any "would be" thief to take one look at the security set up and keep on walking!