Hard up for cash and need a fast loan? There are pawnbrokers all over Greater New York who will take your gold, your diamonds, even your car. And two are willing to take your Mouton, your Petrus and your Domaine de la Romanée Conti. Both Borro Co. and New York Loan Co. have added fine … Continue reading Uncorking the City: Pawning the Petrus
New York Loan Company is considered a luxury pawnshop, and with 493 pawn brokers in Manhattan alone, it’s an important distinction. Pawnbrokers have been around for centuries, but the term “Luxury Pawnshop” wasn’t coined until 1938, the year in which Louis Zimmleman founded Beverly Loan Company, the first high end establishment providing pawn loans against … Continue reading What is a Luxury Pawnshop Anyway?
New York Loan Company has been gaining a lot of media attention lately, both locally and nationally, ranging from the New York Times to NPR to The Wall Street Journal, which begs the question: Why is New York Loan Company so newsworthy? A unique service. New York Loan Company, and its sister store in Beverly … Continue reading Why is New York Loan Company so Newsworthy?
If you spend any time researching diamonds – whether you are considering buying, selling, or pawning diamonds – you will see either “GIA” or “The 4C’s” mentioned. The Gemological Institute of America, or GIA, created the 4C scale to establish the clarity and color standards in the diamond and gemstone industry. While there are other … Continue reading What is a GIA Grading Report, Why is it Important, and How Do I Get One?
Traditionally, pawn shops have been the last stop for people desperate for cash. But now there’s a small but growing group of pawn shops for the wealthy. Actor and model Regi Huc needed $75,000 in a hurry last year. He was making his first feature film, and needed to do re-shoots before the deadline to … Continue reading When The Wealthy Need Cash, Pawn Shops Can Be Appealing
Tensions are mounting between the pawn business and city police. Marc Kaye had to do something drastic when his children’s tuition bills at Columbia and Harvard came due just as his consulting business hit a dry spell. So he pawned his Picasso. An art collector, Mr. Kaye brought a sketch by Pablo Picasso with the … Continue reading Pawnshops for the wealthy
New York Loan Company has been known to make unique collateral loans in the past; but some of our most distinctive loans have been against rare vintage wines and spirits. Pawn Shops loaning against fine wines is so uncommon that our service has been discussed on various media outlets, including Reuters and NPR. New York … Continue reading Fine Wine – The Collateral in your Cellar
In an era of tight credit and a recovering economy, well-heeled borrowers face problems, too. Wall Street bankers need cash before the bonus check arrives. Heirs face estate-tax bills. Small-business owners have to pay for inventory up front. Pawnshops that cater to affluent clients are opening new outlets to fill the niche. The firms make … Continue reading Where to Pawn Your Warhol
NEW YORK (CBSNewYork) — An old-fashioned way of scoring cash is making a comeback with a twist. As CBS 2′s Maurice DuBois reported Tuesday, high-end, luxury pawn shops are popping up all over, offering loans on some very pricey items. Michele Savoia loves his motorcycle and his 1958 Chris Craft, but he couldn’t afford both. So he … Continue reading Seen At 11: Pawn Shops With A Twist
Most Americans find themselves in a cash-crunch at some point in their lives, and many have considered selling their prized possessions to fill that gap. Jordan Tabach-Bank, the owner and CEO of both Beverly Loan Company & New York Loan Company wants the elite of Manhattan to consider all of their options. “Due to the … Continue reading Pawning vs. Selling – which option is best for me?