Tag Archives: pawn nyc

What Makes a Watch Valuable?

With the exception of Rolex, few high-end watchmakers have household names, but collectors, dealers and luxury pawnbrokers know what timepieces hold the most value. Prices on watches vary for a multitude of reasons, and it takes a pawnbroker who is familiar with the luxury watch industry to accurately value your watch for a collateral loan. Below are characteristics of high-end watches and why they are so valuable.

Craftsmanship – Luxury watchmakers have innovated and perfected watch movements and design. The majority of these watches are not just basic timepieces but have specialized complications; from moon phase and power reserve indicators to minute repeaters and tourbillon escapements. Companies such as Audemars Piguet, Panerai, Jaeger LeCoultre, and Rolex have spent decades (sometimes centuries) perfecting their in-house movements and even supplying other luxury retailers with their movements. The suburb workmanship of these watches guarantees that they will last for generations, and collectors are willing to pay the price.

Rarity – High-end watches are more expensive for a variety of reasons, but affluent collectors appreciate their rarity first and foremost. Upscale manufacturers like to create limited editions to their already exclusive lines to make a certain timepiece even more elite. The Audemars Piguet Roal Oak Offshore for example has many limited edition timepieces – but for an exclusive and extremely rare watch, the Vacheron Constantin Historiques American 1921 Boutique, which has only 64 pieces, is the one of the ultimate limited-edition watches.
Innovation – Much like the technology in just about everything these days, watch manufacturers are always looking for new ways to revolutionize the timepiece market. For instance, Piaget created the world’s thinnest mechanical watch at only 3.65mm. Rolex, Audemars Piguet, Van Cleef and Arpels, and Jeager LeCoultre have also all created new and exciting complications that have changed the industry. This ingenuity proves that high end watchmakers truly deserve their superior reputation.
Status – There is no question that wearing an upscale watch will make a big status statement– whether the piece is discreet or not. Patek Philippe, Cartier, Rolex, A. Lange and Sohne and Franck Muller are some of the most recognizable watchmakers, and can easily impress those who are in the know.
Value – Purchasing a top of the line watch is a smart move for any individual who may be looking to upgrade in the future. These watches hold their resale value much more than any everyman’s watch. Because of the strong reputation for quality, craftsmanship and rarity, dealers and collectors alike are much more willing to pay for a “discounted” luxury watch than pay retail for a generic watch. New York Loan is experienced in working with these signed watches and can appraise watches for both pawn loans and outright sales.

New York Loan Company’s gemologist loan officers have the skills and knowledge necessary to accurately value watches, especially since they have access to some of the finest timepieces in the world on a daily basis. New York Loan is a family business that makes pawn loans on diamonds, jewelry, watches, modern and contemporary artwork and one-of-a-kind memorabilia.

It’s easy to inquire about either loaning, selling or purchasing a watch from New York Loan Company. Please call at 212-997-5626 or email at info@newyorkloan.com. New York Loan has discreet offices located in the newly constructed International Gem Tower located at 50 West 47th St.

Pawning Sports, Entertainment & Political Memorabilia

Dresses worn by Princess Diana, guitars played by the Beatles, personal notes written by Abraham Lincoln, sketches drawn by Walt Disney – these iconic and rare items are examples of the type of unique memorabilia that New York Loan Company, and its sister store Beverly Loan Company, use to make large collateral based loans.  

The slogan ‘Pawnshop to the Stars’ was coined by the media, but is no less than the truth.  In 76 years of business both locations have purchased and loaned against some important historical treasures.  “Over the years I’ve seen some exceptional pieces from the most respected figures in history,” said Jordan Tabach-Bank, owner and CEO of both the east-coast and the west-coast companies.  “Significant memorabilia is a unique way to secure a short-term collateral loan and we are the only shop I know of with the expertise to make it happen.”

Sports memorabilia can be some of the most interesting and desirable on the market.  Items such as game worn jerseys or boxing gloves, game-used balls, and championship rings or belts are only a small example of collectibles that New York Loan works with.  Other items include autographs from all the different sports organizations and iconic sports figures including Babe Ruth, Mickey Mantle, Wilt Chamberlain, Michael Jordan, Joe Montana, Joe Namath, Wayne Gretzky, Mahammad Ali and Tiger Woods.  Provenance for sports signatures must always come from reliable authenticators such as PSA/DNA, Upper Deck Authenticated, or Online Authentics.

There is a wide range of entertainment collectibles on the market, from every decade and every genre of music, movies, and television. Because of the large amount of items, New York Loan is particular about not only the memorabilia they will work with, but also the authentication of each item.  Important entertainment memorabilia include musical instruments, awards, costumes, and props.  New York Loan has purchased and pawned possessions from famous personalities such as Marilyn Monroe, Princess Diana, Johnny Carson, and Audrey Hepburn.  There is also a large market for collectibles from musical entertainers such as Frank Sinatra, Michael Jackson, Madonna, The Beatles and Elvis Presley.  Again, the proper provenance must accompany the memorabilia in order to be considered for a loan – these would include authentication from PSA/DNA, Online Authentics, and James Spence Authentication.

There are many types of political memorabilia that can command high prices, and New York Loan Company only loans on the rare and exceptional pieces.  Personal letters, significant contracts, uncommon campaign buttons and important American flags from presidents such as JFK, Lincoln, Washington, and FDR are accepted as collateral.  Unique and valuable memorabilia from WWII and the Civil War are also encouraged for a loan.  Relevant provenance for these valued items would include James Spence Authentication, PSA/DNA or auction records (Sotheby’s, Christies, Bonham’s, etc.).

When making an inquiry about your collectibles, it’ i recommended that you send pictures of any items you would like to use to secure a pawnloan and the accompanying provenance to info@newyorkloan.com