How-To Guide: Pawning a Watch

How-To Guide: Pawning a Watch

If you are looking to pawn your watch, the loan officers at Chicago Loan Company, the leading collateral lending institution in the Midwest, are experienced with all fine watch brands, from Rolex to Patek Philippe to Panerai. When assessing a watch, we understand that even the minutest details can command a premium; rarity, complications, precious metals (including gold and platinum), condition, box and papers, and resale value are all considered in loan valuations. Below are a few of the master watchmaker names that Chicago Loan most often loans against, purchases and sells.

Rolex is the largest luxury watch brand in the world and also the most common watch evaluated at Chicago Loan. Known for their sportiness, precision and design, Rolex watches are also innovative and groundbreaking. This historic watch manufacturer has created the most iconic references that remain strong on both the primary and secondary markets today, including the President, Daytona and Submariner.

Patek Philippe is another watch manufacturer highly coveted by horology enthusiasts worldwide. Patek models are complicated and expensive, regular fixtures in the lots offered for sale at auction houses, including Christies, Sotheby’s and Phillips. The Nautilus, Calatrava, Celestial, and Grand Complication watches are among the most popular styles today.

Audemars Piguet is also a popular brand with which Chicago Loan regularly values and loans against. The Swiss watch company was founded in 1875 and creates pieces that are integral additions to any watch collection. Audemars Piguet movements are of such superior quality they are also used in the watches made by high jewelry houses like Cartier, Tiffany & Co. and Bulgari. The Royal Oak and Royal Oak Offshore are the most recognized references from the brand.

It is imperative that when you are considering a collateral loan or looking to sell your luxury watch to bring the box and papers that accompanied the piece at the time of sale. This allows Chicago Loan to offer the most possible money whether they are purchasing it or writing a pawn loan against it. If you are interested in obtaining a pawn loan, or purchasing or selling, please email info@chicagoloan.com or call 312.236.2929.

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How-To Guide: Pawning a Watch
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How-To Guide: Pawning a Watch
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If you are looking to pawn your watch, the loan officers at Chicago Loan Company, the leading collateral lending institution in the Midwest, are experienced with all fine watch brands, from Rolex to Patek Philippe to Panerai.
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