I custom painted my bike 2 years ago (and you see it in the sig). I didn't realize it was such a good paintjob it started to catch thieves' attention. Needless to day, it was stolen in no time.
Here's the article of it.
Yea pretty bikes attract attention. If im not on my bike and its not either in the shop or at my house, or just in the security of somebody elses house. I keep two eyes on it always. I was thinking about painting my frame but due to recent circumstances I will not. I will clear coat it though
Indeed, thieves seem to steal things that look pretty rather than functional. My bike's seatpost was jammed and so was the front derailleur. My current bike now uses two locks, brought inside the house at night, and is nothing but black, with lots of scratches. The paintjob was so badly done by two weeks it looked like two years old