February 28, 2020 - Pawn Resources
Beverly Loan Company is a pawn shop located in Beverly Hills, California owned by 3rd generation CEO Jordan Tabach-Bank. Known as one of the most popularly frequented pawn shops by celebrities and other A-listers, this shop possesses some unique characteristics.
Read on to catch a glimpse into Beverly Loan Company and the interesting aspects of life as a pawnbroker at the “Pawn Shop to the Stars” located in Santa Monica, California.
Did you know that it is against the Academy of Motion Picture Arts and Sciences’ rules to sell pre-1951 Oscar awards? Well, fortunately for Beverly Loan Company, receiving pre-1951 statuettes is not a foreign concept to them.
The shop has seen multiple pre-1951 Oscars come through their shop, and they’ve had to turn others away out of respect for the Academy’s rules. Beverly Loan Company is one of the few pawn shops in the world to have ever seen Academy Awards brought in by a pawn customer.
Their customers have also pawned Emmy Awards, Tony Awards, MTV movie awards and Grammys.
Beverly Loan Company has seen some of the most impressive jewels to ever touch a pawn shop’s counter. From rare-colored gems to celebrity-owned bauble, there is certainly no shortage of ultra-high-end jewelry at this establishment.
The pawn shop has handled $600,000 diamonds and has even seen an actress bring in a bra made out of rubies and diamonds. Not to mention the occasional crown jewels from those who descend from royalty.
Beverly Loan Company accepts rare wine and spirits as collateral for loans. Some of the collections they receive include Château Pétrus, Château Mouton Rothschild, Château Lafite, and Domaine de la Romanée-Conti.
This is a very unique pawn service that many pawn shops do not offer. They value these based on the name, vintage, storage history, ullage, as well as the cork and label condition.
Paintings by famous artists such as Picasso, Andy Warhol and David Hockney can be seen hanging from the walls of Beverly Loan Company. Rare sculptures and other art pieces can also be viewed on display in the pawn shop. More names include Lichtenstein, Miro and Chagall.
It is highly uncommon for pawn shops to see art of this caliber cross their counters.
Aside from entertainment memorabilia, Beverly Loan Company also sees highly valuable sports memorabilia such as Olympic medals, Super Bowl Rings, championship rings, and World Series trophies.
Similar to entertainment awards, the value of these items is based on the year it was awarded and the athlete(s) awarded.
Beverly Loan Company maintains a discreet location in an office building. Part of their appeal as a pawn shop is that they offer a high level of discretion and confidentiality for their clientele.
Celebrities and big time business folk don’t want to be seen walking to a store front, and they don’t want people to know they are pawning valuables.
Tucked away on the third floor of the Bank of America office building in Beverly Hills, this shop offers a high level of security. Conveniently, all their jewelry is stored inside the Bank of America vault. With an armed guard at the door and the police department just 2 blocks away connected to high security devices, safety is a high priority.
Beverly Loan Company rewards its clientele for referring their friends as new customers. This is a great way for existing customers to get a credit on their pawn loan balance or earn extra cash.
With the type of clientele this pawn shop serves, it is a win-win for both the customer and the shop.
David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.More Articles