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Company Spotlight: LVMH

By   /  April 29, 2015  /  Pawn News  /  No Comments

Company Spotlight: LVMH

Just like Beverly Loan Company stands out as the paramount luxury collateral lender, LVMH stands out as the most successful luxury retail conglomerate in the world.  Louis Vuitton Moët Hennessey, or LVMH, is a luxury goods corporation that has about 60 sub companies; all of which are high-end retail brands. It was created due to [...]

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Gold surges: World’s ‘biggest pawnbroker’ makes deal

By   /  April 29, 2015  /  Gold Price  /  No Comments

Original article from cnbc.com Source: World Gold Council   Gold surges above $1,200 an ounce Monday in its best day since January, amid market intrigue surrounding a deal between Venezuela and Citigroup to swap $1 billion in cash for part of the country’s gold reserves. The swap, reported last week, provides cash to President Nicolas Maduro’s socialist [...]

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Luxury Watch Spotlight: A. Lange and Söhne

By   /  April 28, 2015  /  Pawn News  /  No Comments

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New York Loan Company, a high-end collateral lender (pawnbroker), specializes in luxury watches and jewelry, specifically signed pieces from companies like A. Lange & Söhne – which is recognized as one of the prestigious luxury watchmakers in the world. A. Lange & Söhne was founded in 1945 by Ferdinand Adolph Lange, a young entrepreneur who [...]

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Luxury Watch Spotlight: Audemars Piguet

By   /  April 24, 2015  /  Pawn News  /  No Comments

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Beverly Loan Company specializes in large collateral loans against luxury, high-end watches from reputable and desirable watchmakers. Audemars Piguet is easily one of the most luxurious and sought after watch brands in the world. The company was founded by two watchmakers in 1875, Jules Louis Audemars and Edward Auguste Piguet who had a goal to craft and construct complex [...]

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Luxury Backed Loans

By   /  April 23, 2015  /  Collateral Loan, Collectibles, High End Pawn  /  No Comments

Original article from The Wall Street Journal wsj.com IT USED TO BE ENOUGH of a triumph to own a bottle of Château d’Yquem or to have a painting such as Picasso’s Le Rêve on the wall. But in the complex world of wealth management, even fancy belongings may be a means to an investment end. At least they [...]

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Coin & Sterling Silver – What is it and how can I pawn it?

By   /  April 22, 2015  /  Pawn News  /  No Comments

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While New York Loan Company is known mostly for its luxury jewelry, watches and high-end artwork; they also make loans on silver.  Towle, Buccallati, Wallace and Tiffany & Co. are a few of the luxury silver manufacturers that we work with. Coins, flatware and collectables in sterling silver or coin silver can have significant value, [...]

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Banks Overreact to Risk, and Pawnbrokers Pay the Price

By   /  April 21, 2015  /  Pawn News  /  No Comments

Original article from americanbanker.com As a pawnbroker for over 26 years and a former president of the National Pawnbrokers Association, I am alarmed and dismayed by the recent wave of banks terminating their relationships with pawnbrokers. The pawn industry is among the most heavily regulated non-depository providers of consumer financial services in the nation, with [...]

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When the Fine Art Market Goes Online

By   /  April 17, 2015  /  Collectibles, High End Pawn  /  No Comments

Original article from the New York Times nytimes.com LONDON — Is 2015 going to be the year in which the art market — or at least a sizeable chunk of it — finally goes digital? Unlike recorded music and books, which are now bought routinely by millions of people from websites, fine art has proved [...]

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Pawn shop buys rare Pres. Lincoln document

By   /  April 17, 2015  /  Collectibles, Pawn News, Pawn Shops  /  No Comments

Original article from turnto23.com If you’re looking for a rare collectible item, the Gold and Silver Trading Company on Union Ave may have exactly what you’re looking for. But that’s not all, you can find everything from lawn mowers and tools, to rare coin’s and sports memorabilia. “Basically, anything we think is cool we will [...]

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PRECIOUS-Gold slips as dollar gains, U.S. rate hike worries drag

By   /  April 15, 2015  /  Gold Price  /  No Comments

Original article from reuters.com SINGAPORE, April 13 (Reuters) – Gold dropped for a fourth session in five on Monday as the dollar firmed, backed by expectations the Federal Reserve may be on course to raise U.S. interest rates soon. Fed official Jeffrey Lacker on Friday repeated his call for the U.S. central bank to consider [...]

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