Category: Collateral Loan

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

Spotlight on the 4 C’s – Diamond Cut and Shape

Spotlight on the 4 C’s  – Diamond Cut and Shape

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

What is a Pawn Loan and Why is it The Right Option for Me?

What is a Pawn Loan and Why is it The Right Option for Me?

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?

What is an Appraisal?

What is an Appraisal?

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?