lol

If the necklace was valued at 250k, why did she only accept 120k ? Surely a trip to Christys or Sotherbys or even bloody E-bay would have been a better option

Wasn't really explained about that valuation.
Might have been based on the value of all the stones separately, rather than the value of the 'piece'.
I'm guessing the value of the 'piece' is down to what you might get at auction.
To get the best price, you've probably got to submit it to the 'right' auction and take your chances, go to the broker, money there and then.

Rather like the Rolls, stick it on the right dealers forecourt when the sun's shining you'll get more than a auction in winter.

I guess that sounds reasonable...but even so, to immediately accept 1/2 of what you are told it might be worth without further investigation seems a bit odd

Because it's instant cash. They are wealthy enough not to concern themselves with such trivial matters as 'getting a better deal'.

Many people don't actually sell the item but just use it to raise ready cash, pay it off and then get the pawned item back.

It's similar to Wonga........but with a massive difference. Whilst the interest charged on on a Wonga loan is a zillion percent, a Pawnbroker charges around 5 - 10%.

I thought those were the values of the two different necklaces! I didn't see anyone accepting a particular price, just their hopes of a minimum amount to borrow from the pawnbroker before the valuation was completed. Maybe a missed a bit.
Whatever they may have 'accepted' is just the loan amount, not the amount they're selling the item for. They can always sell it for its true value if need be when they repay the loan and retrieve the item.

250k was the retail price. That's what a shop could sell it for. That's very different to what you could sell it for to a shop or at an auction

Perhaps with the seal, although it took an expert to say exactly what it was. As for the diamonds, you again need a professional to look at it to determine value.

He explained that was retail price. At auction it would likely be bought by a collector or dealer and she would end up with the £120k anyway, maybe even less on a bad day.

It's a TV show. Sorry to burst your bubble but all TV shows are contrived. They're researched and planned and often scripted. Very little of an unexpected nature occurs.

Also, I don't really think you can type "How much is my necklace worth?" into Google and get a valuation. Plus you're assuming everyone in the world knows how best to use Google. You'd be surprised how few actually do, and how many really would type "How much is my necklace worth?" and not know where to go from there.

This is quite an enjoyable show, even if it is a bit staged, especially the way they don't reveal the valuations until the very end.

Still worth watching though.

It did irk me a bit the way it's staged/edited.
If if it's 'faked' it would have been better if they interviewed people as they came through the door of the shop, then done the why's and wherefores.
Camera crew at one end of the 'reveal' phone conversation would have been enough, having the crew at both ends, 'felt' too staged.

I'll carry on watching, assuming I remember it's on.

I thought that too.

Where has he been for the last dozen to fifteen years?

The Nigerian email scam is almost as old as emailing itself!

Well, those scams do work on some people.

That's just reminded me, of that Bruce Dern film about a lottery ticket, that I haven't seen yet.

Good point, they do work on some people, amazingly.

That's right. It's basically a secured loan, but instead of securing your property you put up a valuable item as collateral. You don't need to borrow the whole market value of the item but just as much as the broker is willing to risk. If you pay the loan back you get your item back and don't have to lose a valuable family heirloom. If you fail to pay the loan the item is sold by the broker. The loan value is based on what the broker feels may be its resell value.

People often pawn jewellery but I've never seen someone try to pawn a personal submarine before! I remember seeing that contraption on The Gadget Show (largely because it was being demoed by one of the attractive female presenters...)

He's better described as an entrepreneurial Pawnbroker. He hasn't got wealthy simply by running a shop......he's a high risk taker and that means looking at everything. After all if someone called you up saying they had a brand new one man mini-submarine they wanted to pawn you'd think they were either on a wind up or plain nuts.

Turned out to be the real deal.

That's probably where he differs from many of the traditional Pawn brokers, he's considered the unusual when he's offered it and cultivated the right contacts to appraise the unusual and sell it on, if it comes to that.

He's OK on camera and willing to put the work in with the TV production.
He's no mug, lots of free publicity, bet he gets a lot of new BS offers though.
I liked his PA ripping the pi$$ out of him too, over those Jets.

In some cases eg the personal sub, they were finding actual buyers rather than giving out loans.

Surprised to see Marcella Woods on posh pawn, just goes to show that appearing on loads on singles and live pa's/gigging at nightclubs doesn't always pay good money. One of my favourite singers on trance records.

Would love to have one of those submarines, looks fun.

Never even heard of her and had to Google to see who you were on about.

Fit looking bird.....what did she flog?

Beckham also must have fallen on hard times too. His Beemer is up for sale here on Auto Trader.

Just had a google, she seems to be one of those 'featuring...' singers, she's got a name, reputation, but not in a genre where there's big money to be made, unless you're lucky and a song turns into a crossover hit.

She's trying to make the jump from the back to front of stage though isn't she?
On that tip 20 Feet from Stardom.

Not sure what one of those mini subs would do in choppy waters.

Gran's Diamond necklace she wanted to borrow £10K was offered £40k IIRC
Footballers change cars, like they change suits.

Posh Pawn is on, gang.

I think this week's episode is going to rile me up.

The guy with the Lamborghini is already getting on my nerves!