31 Aug '17, 3pm

#birkin #hermes #handbags #fashion #beauty

#birkin #hermes #handbags #fashion #beauty

First, quick recap on how pawning works: at a pawnshop, you can use your valuables as collateral for an immediate loan. The pawnshop sets a certain date by which the money (+ interest) must be paid back. If the seller meets the deadline, he or she gets their valuables back. If not, the pawnshop owns the item and can rightfully sell it to others. People often use their Birkins for such a loan! Sometimes, they just need cash asap or fast money for an investment. Often, they don’t repay the shop in time and end up losing their bag. The New York Times recently profiled third-gen pawnbroker Jordan Tabach-Bank, who owns high-end pawnshops New York Loan Company and Beverly Loan Company in LA. Pretty soon, another location will open up in Chicago. Some differences between the New York and LA clients? New Yorkers are more often business people rather than the Hollywood milieu. And ...

Full article: http://www.pursebop.com/would-you-pawn-a-birkin-bag/

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