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
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
The cut of a diamond, one of the four aspects of grading that determine quality and rarity, is a characteristic that many collectors are somewhat familiar with. The GIA (Gemological Institute of America) trained gemologists at New York Loan Company appreciate the importance of cut when evaluating a diamond for pawn loan or purchase. Part … Continue reading Spotlight on the 4 C’s – Diamond Cut and Shape
Due to popular TV shows bringing the pawn business into the spotlight, more people than ever before are curious about collateral lenders and their businesses. Pawn loans can be confusing and somewhat intimidating to those who have never had a collateral lending experience before, and New York Loan would like to help answer common questions. … Continue reading What is a Pawn Loan and Why is it The Right Option for Me?
An appraisal, either for art, jewelry, or memorabilia is a document that helps determine value. Different types of appraisals include fair market value, liquidation value and replacement value. These can all vary significantly– but the most typical appraisal is for replacement value, which reflects a “retail replacement price”. These appraisals are sent to an insurance … Continue reading What is an Appraisal?
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 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
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?
As retailers like Tiffany & Co., Saks Inc., Best Buy Co. and Wal-Mart Stores Inc. vie for last-minute holiday sales, customers are being drawn away by a growing crop of competitors: pawn shops.
When it comes to securing a pawn loan on high-end or luxury items, savvy consumers provide more information about their collateral than one might think.