Tag Archives: diamonds

Record Breaking Auctions in 2013-2014 Influence Trend of Collateral Loans on Large Gemstones and Diamonds

Record breaking auctions suggest 2013 and 2014 have been huge years for luxury, high-end jewelers with large, high quality diamonds and colored stones. Colorless diamonds, fancy colored diamonds, sapphires, rubies, emeralds and jadeite ruled the auctions the past few years with staggering prices. New York Loan Company has seen the trend prompt clients to bring in large high quality gemstones and diamonds to make a pawn loan or sell outright. New York Loan has also had requests to search for these diamonds for clients looking to invest in large auction-worthy pieces.

Ultra-luxury jewelers, such as Tiffany & Co., Harry Winston, Van Cleef & Arpels, and Graff are the primary brands in these record breaking auctions at Sotheby’s, Christies, Phillips, and Bonham’s. Clients who consign with these auction houses are the same type of clients that frequent New York Loan Company and its sister store Beverly Loan Company.

The most notable diamond records include “The Orange” in November 2013. This large fancy vivid orange diamond is 14.82 carats and sold for $35.54 million, or $2.4 million per carat. Christie’s magnificent jewels sale in May of 2014 smashed records. This included the highest total achieved for a jewelry auction, $154.19 million, and the highest price for a fancy light pink diamond, a pink sapphire, an alexandrite, and a fancy blue-green diamond. “The Winston Blue” was also sold at this May auction. The 13.22 carat, fancy vivid blue, internally flawless diamond sold for $23.8 million, or $1.8 million per carat. This was an auction record for the highest per carat price for a blue diamond.

The most recent auction that blew other records out of the water was November 2014 in Geneva. The “Blue Belle of Asia” is a 392.52 carat, Ceylon Sapphire is that now the most valuable sapphire in the world at 17.6 million. The Geneva November auction also saw the Exquisite ruby and diamond ring from Graff. This 8.62 carat Burmese ruby is vivid red, or a color that they call in the industry “pigeon blood”. This remarkable ruby also has no indication of heating, which is very rare in gemstones.

New York Loan Company has close working relationships with auction houses, not only for fine jewelry, but also for watches, contemporary and modern art, and rare memorabilia.  Jordan Tabach-Bank, CEO of New York Loan Company, explains, “We have seen a large array of colored stones and diamonds brought in for pawn loans due to the excitement in the marketplace created by the huge numbers at the luxury auction houses.”

If interested in making a loan on a rare, one-of-a-kind diamond or gemstone, please contact New York Loan Company at 212-997-5626 or email at info@newyorkloan.com. New York Loan employs GIA trained graduate gemologists that can evaluate your stone on the spot and make an offer within minutes. New York Loan works with diamonds, both fancy colored and white, and precious gemstones – both mounted and un-mounted. 

New York Loan Company Buys Fine Art and Memorabilia

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.