16 Nov '17, 5pm

Wall Streeters and other New York elite sell their Rolexes and Birkin bags at this pawn shop

Eleanor Walper inspects a yellow, radiant-cut diamond at The New York Loan Company. Sarah Jacobs/Business Insider The New York Loan Company sells items like $30,000 Hermès Birkin bags and fine jewelry. Its professional staff and tight security make it unlike any other pawn shop experience. They promise their clients absolute confidentiality. The New York Loan Company isn't your typical pawn shop. Your fingerprint must be taken before you can access the front door. In the front hall hangs a portfolio of prints by John Baldessari, worth $90,000. Located in Manhattan's Diamond District, in Midtown, the building in which the pawn shop is located — the International Gem Tower — has more than a few valuables inside. "All the floors in this building have had to be reinforced because of the vaults in all the different offices," Eleanor Walper, a loan officer and in-house gemologis...

Full article: http://www.businessinsider.com/rolex-birkin-bags-pawn-sho...

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