Warhols for Fast Cash: Why Collectors are Pawning Expensive Art

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It has to be said that being “cash-poor”—meaning you’ve got a lot of assets, but very little wealth in spendable form—is, despite its negative connotations, a position of incredible privilege. Most often you’ll hear about it in relation to celebrities as the reason for a house flip or sale of a beloved Lamborghini. But surprising …

Cashing in On Luxury: Pawnbrokers Develop New Market

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Rings and Diamonds; handbags and accessories, and high-end watches are among the top-three categories most frequently taken to luxury pawnbrokers by consumers seeking quick cash. Often thought of as a place where those desperate for cash can receive low payouts and high interest rates, pawn shops haven’t always had the best reputation. But following the …

Asset-Backed Loans for Arts & Collectibles; Codex Partners with Luxury Asset Capital

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Astute investors have looked toward the USD 2 trillion A&C asset class for centuries for low correlation to financial markets, risk-aversion, tax efficiency, simplicity, and aesthetic delight. With asset-backed loans, these high-value but often illiquid assets are used as collateral for capital. The Codex Protocol and Luxury Asset Capital partnership facilitates asset-backed loans for items …