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Famous Watches – Celebrity Owned

Luxury watch brands have been endorsed by actors, athletes, and prominent figures for decades. Unlike the standard celebrity and brand partnership, high-end watch manufacturers refer to their endorsers as “brand ambassadors”.

Luxury watches, and celebrity endorsed watches, are consistently used as collateral for a pawn loan with New York Loan Company, Manhattan’s only high-end pawnshop. Some companies like Tag Heuer, collect many various famous figures, including Leonardo DiCaprio, Tiger Woods, and Uma Thurman. Most luxury watch companies like to stick with one or two hand selected endorsers. Jon Hamm for Jaeger LeCoultre, and David Duchovny for Baume & Mercier for instance.

A few companies go above and beyond, creating limited edition watches for a celebrity, their charitable foundation, or a popular character. Shaquille O’Neal has a limited edition from Audemars Piguet, which retails for over $30,000. Kobe Bryant has a limited edition Hublot named after him, where proceeds benefit his family’s charitable foundation.

The iconic James Bond movies have had many different watches featured, including Rolex and Breitling, but in 1997 James Bond moved on to Omega watches and has never looked back. Now Omega produces limited edition watches based on each movie, the most recent model retailing for $7,500. New York Loan Company has had many variations of the Bond watch in their ever-changing showcase.

The Rolex Daytona Paul Newman is by far the most coveted celebrity braded watch, and one of the favorite watches of those at New York Loan. The actor was a huge fan of Rolex and wore his Daytona in the 1969 movie Winning. From there the relationship grew and the Paul Newman Daytona became a watch of legends. At a recent Christie’s auction a rare model, the “RCO” Paul Newman, sold for $1,089,186.

If you are interested in a collateral loan on a Pawl Newman Rolex Daytona, or any other luxury watches, please contact New York Loan at 212-997-5626.

Fine Watches – What is a Perpetual Calendar?

A complication on a watch refers to any function of the timepiece other than telling time, and with hundreds of different complications on fine watches, it can be difficult to know which functions work best for you. New York Loan Company is a collateral lending institution specializing in fine and complicated watches, with a unique understanding of all these various functions.

The Perpetual Calendar is one of the most useful functions you can find on a watch. As opposed to a standard day or date function on your watch, the perpetual calendar tracks time with such accuracy that it only needs to be adjusted once a century. The sophisticated calendar knows how many days are in each month and knows when there is a leap year and will adjust accordingly. Perpetual calendars feature day, date, month, time and often moonphase displays with the added feature of a leap year indicator.

Some of the most sought after watches on the market have perpetual calendars, including Patek Philippe, IWC, Jaeger-LeCoultre, and Audemars Piguet.  Rolex created a few perpetual calendars in the 1950’s, but discontinued these watches to focus on sophisticated sports watches. The few that they did release command very high prices at auction. In 2012 a triple calendar perpetual precision Rolex from 1955 sold for over half a million dollars.

The perpetual calendar chronographs from Patek Philippe are some of the most sought after watches of all time, and IWC has made a few beautiful perpetuals like the Da Vinci and the Portuguese. Jaeger-LeCoultre has a dressy perpetual for under $30,000. All of these watches are accepted at New York Loan Company to be used as collateral for a loan. Please inquire about a pawn loan at info@newyorkloan.com