Which is why I picked the $1000 bike. In the majority of states that's beyond the threshold for felony theft.

Because Cops rarely chase people.

Vast majority of time when shoplifters get arrested, it's because they are still at scene of the "crime". AKA, they enter big box store, facial recognition fires and off duty cop there is notified or cops are called. They show up, take the person into custody and get their gift wrap.

Person stealing the bike is long gone before cops are notified.