New York Loan Company’s west coast counterpart, Beverly Loan Company, has been in the collateral lending business for over 75 years, loaning against luxury jewelry, complicated watches, fine art, one-of-a-kind memorabilia, and other high-end goods. Jordan Tabach-Bank, the third generation owner and CEO of New York Loan Company, is also known as the Pawnbroker to the Stars because of his frequent yet discreet dealings with Hollywood’s elite. In their newly opened Diamond District location in the International Gem Tower, New York Loan Company will concentrate heavily on diamonds, gold jewelry and upscale watches, but will also make loans against and purchase fine art and rare entertainment and sports memorabilia.
Fine art by household named artists (Marc Chagall, Jean Miro, Pablo Picasso, Ed Ruscha and David Hockney) rarely decreases in value, but instead usually increases as time passes. Pop-art is especially valuable in today’s market and is Tabach-Bank’s area of expertise. The term ‘pop-art’ is used to describe works made by people like Andy Warhol, Roy Lichtenstein, or Robert Indiana: art that it immediately recognizable in our culture today. New York Loan also has expertise in street/urban art (Keith Haring, Banksy and Retna) and photography ranging from Ansel Adams to Cindy Sherman.
The most common type of memorabilia involves celebrities (Marilyn Monroe, Elvis Presley and Michal Jackson), athletes (Jim Thorpe, Michael Jordan and Tiger Woods) and politicians (Abraham Lincoln, John F. Kennedy, and Barack Obama), including stage worn costumes, championship rings or even hand written speeches. Only Beverly Loan Company and New York Loan Company have the expertise to loan against or purchase items of this nature.
Whereas New York Loan Company will deal in any item that is gold because there is intrinsic value in such items, with fine art and memorabilia, they have to be more discerning. Tabach-Bank explains, “We only loan against the best of the best. We do not loan against a jersey that Michael Jordan signed, but we will loan against one that is game worn and signed. Similarly, we will loan against a Basquiat, but unfortunately we cannot loan against up and coming artists who have yet to establish a secondary market.”
The experts at New York Loan have years of training and expertise in identifying and pricing artwork and memorabilia, and are committed to treating their clientele fairly and discreetly. No customer’s name has ever been revealed without their consent throughout Beverly Loan’s Company’s 75 years of business, and that is something that will not change as New York Loan Company’s continues their tradition of excellence.
Think about the art and memorabilia you have accumulated throughout the years. Perhaps some of it has more value than you might have thought.