They didn't say what her profession was. Maybe she's just going to get the amount she needs to pay off her debt but I doubt it. She should sell it for 15k. That would be her best option for someone as frivolous with money as her.

Here's my take on this particular person. Whatever she was chasing in that world that she lived in she got it very wrong hence she ended up in very, very reduced circumstances but still a pleasant enough home.

She couldn't be bothered enough to get up off her arse and do something for herself and her children. Someone gave her a handbag which she knew was worth a lot of money so she didn't use it and kept it in it's bag.

Naive or lazy?

She's the type of woman who had men wrapped around her finger when she was young and really beautiful who would buy her anything she desired. Now she's finding it much harder to maintain the same lifestyle as the interest from men has faded along with her looks. Women like that find it really difficult to cope with getting older and the realities of life.

ok. I guess they just did it for a laugh then?.

Gawd knows where you got all that from, but I don't have any facts to back that up or refute it, so I'll leave it alone.

If that was the case, I'd assume she'd have more than a handbag that she apparently didn't like, to show for all her finger wrapping activity.

She got totally mixed up! He offered a loan of £12000 without monthly payments, so it would all be due (+ interest) after 7 months. The alternative was £15000 sale price (probably worth nearer £25,000)......The producer ought have told her it was £15000 as the last clip of the show.

She probably did and she sold it all (or pawned it)

Of course. She saved the best 'til last.

I like to watch this doc. type TV. I've just watched the broken families doc.

Get the bag lady.

I avoid opening my bills and facing my creditors but I'm happy to appear on national telly pawning an old "boyfriend's" gift.

I guess you have to feel a bit sorry for her. She was clearly quite a glam bit of totty at one time but it's all gone to her hips. Now she's in her forties the "boyfriends" aren't around anymore.

im really intreagued by the MDs success story, he came from working class roots and now he's lending out millions to people. Must be good business.

If I was in his shoes I'd be stressing out big time, worrying day in day out of being robbed - a documentry like this certainly makes him a bigger target than he is.

Maybe for the purpose of the documentry they didn't show the security details, I'm sure they have much tighter securty than to invite customers at their office where they keep £500K gems in unsecure drawers.

I suppose that as long as the item isn't a fake or stolen property then he can't lose. Either the customer pays back the loan plus interest or he gets to sell the item for a profit.

Just watching this now, can't believe nobody mentioned that girl in the white top with the lady and her ruby ...moma mia

Does anyone know when this is next on? it was advertised as S01 E01 but I can't see any future listings in the schedule.

I 'think' that's your lot, one program.

They are probably planning to film more episodes depending on how well the pilot was received. Like The Chicken Shop and other shows like this.

Oh that's a shame look it says series 1, episode 1 http://www.channel4.com/programmes/posh-pawn/4od

I could quite happily of watched that weekly for a series.


They call 1 episode a series now

BIB on channel 4, sometimes they do, I've noticed it before, sometimes things are listed as S1, E1 when it's a one off doc.

Channel 4's doc presentation doesn't seem to be what it once was, they seem to try and take a bit of a 'light and fluffy' tone at times, in the voiceover and music.
I struggled through that, although it was interesting enough, it could have been better.

Indeed

AFAIR the only facts were that she was a forty-something single mother of three. The only work mentioned was that she "worked with children". ISTM that she is now struggling to make ends meet. It's quite understandable that she can't work a full time job whilst she has three kids to look after - give her a break!

I was quite pleased for her that the bag at the back of the wardrobe (given to her by an old boyfriend) turned out to be so valuable ... and wasn't it funny that she didn't care for it, dismissing it as something a granny might carry !

I only hope someone told her to sell it for its true value, and not let a Pawn Shop take it off her hands for a song !

What I couldn't understand was the first woman who pawned a £4k watch for £1k, knowing that she was going to have to pay back an extra £250 to get it back in just seven months time. Actually, I think that it will turn out to be £300 if 3.9%pcm is compounded. If she knows that she will have £1,250 "spare" in seven months, then why not just wait the few months and then she'd have £1,250 to spend, rather than £1,000 ... and of course she wouldn't be taking the risk of losing her stuff.

The business people who were using the shop to provide project finance were more understandable and sane ... but it was a terrible entitlement of the current failing of the banks.

well there are overheads in the business and risk. People like the owner are easy targets for armed thieves.

Banks are impossible to rob so they target jewellers, post office owners, supermarkets and other cash heavy businesses to rob.

Also insurance. Taking a dozen super cars in pawn and charging 10% a month is good money but the cost of insuring and storing them will take a chunk out of that. Large pawn businesses are unusual due to high costs and risk. I read that something like 98% of pawns are under £100 and most profits come from buying gold for melt.

"Handbag expert" was a charlatan IMO. I doubt you can take her word for it.

Even by her own admission, these bags are extremely rare and you have to get on a list to be in line to buy one. So the bag expert probably has never seen one of these bags before. She's just inspecting it looking for obvious tell tale signs that it might be fake. that's just not good enough, Hong Kong fakes are very real looking.

It should have been authenticated by the bag maker. The risk is if it's a fake the maker will sieze it and "destroy" it.

I watched this programme.

OK so the majority of this guys customers were all 'high end' pawning in some very expensive 'toys', but how many remember what his interest rates were? Just 3.5% per month. Compare that to a PayDay loan with interest at a staggering 217.7%.

And who do PayDay and the rest of these evil High Street/Internet companies target? Minimum wage earners, debtors and the less well off in society.

Is Posh Pawn a series or just a one off program ?

If a series, when is it on please ?

It was a one off for now.