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High End Pawnbrokers

Liquid assets: the rise of wine pawning

 

How much will I get for the 1983 Mouton Cadet I found in my grandmother’s house? And can I sell two bottles of old ruby port that I found at the back of the garage? These are questions I am often asked. The answers are: nothing, and not unless you find a sucker on eBay.

 

But if you have fine wine that has been properly stored, then it has never been easier to turn it into cash. This used to mean putting in a discreet call to your wine merchant – now it either means getting online or getting on to the pawnbroker.

 

Yes – the pawnbroker, now moving into Château Cheval Blanc and Côte d’Or as more people in need of swift cash rootle through their cellar records and ask to secure loans against what you might call their liquid assets.

 

“We’ve seen quite a lot of it in the past three years or so,” says Rob Davies of the National Pawnbrokers Association. “Post-2008, there are a lot of people who are asset-rich but cash-poor. As the banks have made more stringent demands on lending they find they can’t get finance through the usual channels, so there’s an increasing demand to borrow against wine, and niche pawnbrokers have popped up to service it.”

 

One of those is Prestige Pawnbrokers, whose headquarters are in Weybridge, Surrey, and who have opened a new office in Richmond and Manchester.

 

“This area is growing – there are similar patterns as in loans offered against fine art,” says chief executive James Constantinou. “Our borrowers are savvy, passionate about the wines they’ve bought or collected … they’re often businessmen who did well pre-recession – well enough, anyway, to afford to buy good wine – and who are looking to raise capital in the short term.”

Read the full article on the Telegraph website: http://www.telegraph.co.uk/foodanddrink/wine/10273882/Liquid-assets-the-rise-of-wine-pawning.html

Posh Pawn Episode 2 Highlights Revealed!

David Railway_PoshPawnPosh Pawn Episode 2 Highlights Revealed!

 

Since making its grand TV debut, Posh Pawn has taken Channel 4 by storm. We can’t believe that our tight-knit team at Prestige Pawnbrokers has gone on to star in one of the country’s most popular TV shows! We’re ecstatic to announce that we’ve signed on for a third season and to celebrate, we’re offering readers a sneak peek at what’s in store over the next few months. We’ve already covered episode one, so read on for a glimpse at what we got up to in episode two!

 

Patrick, Sylvia and 500 handbags

 

We love our handbags at Prestige Pawnbrokers, particularly when they’re crafted from butter-soft leather and come with a sky-high price tag. If you share our obsession, don’t miss episode two, where Patrick and Sylvia get their hands on 500 designer handbags worth a seriously pretty penny. A definite thrill for all you handbag lovers out there!

 

James and David’s railway

 

Even big boys love toys, and when James and David snag themselves a miniature railway there’s no option but to set it up in David’s back garden. When they’re in good working order, miniature railways can be worth a mint. To determine how much this one’s worth, the boys call on the expertise of railway whizz Patrick.

Michael and Luci’s Tanzanite Ring

 

Tanzanite is one of the rarest gemstones on the planet, mined exclusively at one location in the African country of Tanzania. The brilliant blue colour is surrounded by a purplish glow which makes it a popular alternative to sapphire. This episode Michael and Luci get the pleasure of examining a dazzling tanzanite ring. When they’re not quite sure of its value, James calls on antiques expert Ian Towning for a second opinion.
James and Paul’s Nutcracker bike

 

While some people are happy to zip around on a cheap set of wheels, others prefer to cruise in style. James is our in-house bicycle expert, and when Paul wants to take out a loan backed by a Nutcracker, James heads to Bognor Regis to see it in person. What does he find? You’ll have to watch to find out!

 

It’s amazing that we managed to squeeze so much action into one episode. But for us, it’s just another hectic week at London’s most prestigious pawnbroking business.

 

 

 

Posh Pawn Season 3 is Coming Soon!

Prestige Pawnbrokers_team Over the past few years the UK has become hooked on reality TV shows. And when it comes to quality, diversity and unique content, Channel 4 reigns supreme. The station has become synonymous with niche documentaries and Posh Pawn has emerged as one of its most popular shows. Featuring a colourful collection of characters, a continuous influx of luxury items and a cornucopia of on-site action, seasons one and two were categorical hits! Now, managing director James Constantinou has signed on for a third series, and it’s set to hit TV screens soon.

 

Unfamiliar with the world of Posh Pawn? Read on for an overview of the concept, the team and what to expect.

 

A team of pawn stars

 

While the show itself is titled Posh Pawn, it actually follows the everyday working lives of the Prestige Pawnbrokers team. Led by serial entrepreneur James Constantinou, the business has quickly grown into London’s most coveted pawn broking shop. Over the years he’s built up a killer team of individuals boasting expertise in an array of different areas. From high-end horology and gemstone specialists to vintage car buffs and leather goods aficionados, nothing gets past the hawk-like eyes of the Prestige Pawnbrokers crew.

 

Pawn for the rich and famous

 

While everyday Brits with lacklustre items head down the road, the rich and famous make a beeline for Prestige Pawnbrokers. Here, they can cash in anything with a price tag that’s likely to impress. From helicopters, mini-submarines and Lamborghinis to Cartier watches, platinum rings and Hermès handbags, the general consensus is that anything luxurious goes.

 

A sneak peek into the world of high end pawn

 

For those interested in what goes on behind the scenes of a high-end pawn broker shop, Posh Pawn season 3 is a must-watch show. As well as showcasing the items themselves, the programme also delves into the context of why owners are selling and how much they’re likely to receive. The film crew follow the valuation process, with the Prestige Pawnbrokers team often calling on third-party experts to help establish exactly how much an item is worth. Sometimes they’ll even venture off site to visit the residences of owners or take their latest finds for a spin.

 

 

 

 

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Prestige Pawnbrokers – The original prime time POSH PAWN Channel 4 TV show.
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