Warhols for Fast Cash: Why Collectors are Pawning Expensive Art

Warhols for Fast Cash: Why Collectors are Pawning Expensive Art

It has to be said that being “cash-poor”—meaning you’ve got a lot of assets, but very little wealth in spendable form—is, despite its negative connotations, a position of incredible privilege. Most often you’ll hear about it in relation to celebrities as the reason for a house flip or sale of a beloved Lamborghini. But surprising … Continue reading Warhols for Fast Cash: Why Collectors are Pawning Expensive Art

The Rare Farnese Blue Diamond: Fit for a Queen

The Rare Farnese Blue Diamond: Fit for a Queen

On Tuesday evening, May 15, the hammer fell at a staggering $6.7 million at Sotheby’s auction house in Geneva for the extraordinary and magnificent Farnese Blue diamond. The sparkling pear-shaped diamond weighs 6.16 carats and is encircled by a crown of cushion-shaped diamonds. The Fancy Dark Grey-Blue gemstone had been in private hands for over … Continue reading The Rare Farnese Blue Diamond: Fit for a Queen

Fine Art as Collateral

Fine Art as Collateral

New York Loan Company, an upscale pawnshop in Midtown Manhattan, is well-known for making collateral based loans on fine art. While the company makes pawn loans ranging anywhere from a few hundred dollars into seven figures, it can be particular about the art that it loans against. The 47th St collateral lender has strong expertise … Continue reading Fine Art as Collateral

Watch Lessons – The Tourbillon

Watch Lessons – The Tourbillon

Literally translating to “whirlwind” in French, the tourbillon is an added mechanism on timepieces that was originally purposed to improve accuracy in pocket watches. Although the tourbillon has little effect on precision on today’s modern wrist watches, the complexity and craftsmanship of the tourbillon has made it highly desirable. Often brought into New York Loan … Continue reading Watch Lessons – The Tourbillon

The wealthy are using pawn shops to finance their business ideas

The wealthy are using pawn shops to finance their business ideas

Wealthy people looking to fund new ventures are turning to their Rolexes and art collections as collateral for quick and easy loans from high-end pawn shops. Business owners say the trend points less to financial distress and more to customers eager to seize money-making opportunities. Wealthy people looking to fund new ventures are turning to … Continue reading The wealthy are using pawn shops to finance their business ideas

The Cartier Panthère collection – A History Lesson

The Cartier Panthère collection – A History Lesson

The Cartier Panthère collection, an iconic symbol of strength and elegance, celebrated its 100th birthday in 2014 with a brand new collection. New York Loan Company, a high-end pawnshop that works with signed jewelry, is extremely familiar with Cartier and all of its collections. The Panthère de Cartier is exceptional not only for its long … Continue reading The Cartier Panthère collection – A History Lesson

A Quick History of the Coveted Tiffany & Co. Blue Box

A Quick History of the Coveted Tiffany & Co. Blue Box

The distinctive “Blue Box” that Tiffany & Company uses to wrap its jewelry, watches, accessories and silver has become an icon in its own right. New York Loan Company, Manhattan’s luxury pawn shop, is extremely familiar with the color “Tiffany Blue”. Not only are the loan officers expertly trained gemologists, but their knowledge of signed … Continue reading A Quick History of the Coveted Tiffany & Co. Blue Box