Definitely. At the moment they are giving cash-short women all over the world a life-line. Watch this short video on Asian women cashing in on Hermès and Chanel bags:
There is a huge rise in women cleaning their wardrobes to raise cash. Could be to save their business, pay bills or simply survive after being hit by various financial headaches. Pawning a $12,000 Hermès handbag to pay your child’s school fees, can be necessary if you lost a lot in the global recession. So for those of you tired of designer handbags or clothes, you now know what to do.
It’s not surprising that this new kind of pawn shop is popular. It does after all enable women to part with something that’s not as dear to them as their jewelery.
Why don’t you do “a Diane von Fürstenberg”?
Pawnbroking is not a new phemomena. It was popular in ancient Greece and Rome and, actually was going on already in 1,000 B.C. in China. Remember reading that Caesar sometimes pawned assets.
Diane von Fürstenberg famously pawned her diamond ring to launch her dress business. And it’s a safe guess that building up her business made her much happier than wearing the diamond ring in question. Today her business is a multi-million dollar corporation and if she doesn’t have the diamond ring it’s because she decided she didn’t want it.
Personally believe what Diane von Fürstenberg did is something more women should contemplate. It is after all really difficult to get a bank loan nowadays. So why not follow in Diane’s footsteps and get the money to start the company of your dreams?
Is designer handbag pawn shops as big a surprise to you as it was to me? Do you agree with me that it’s better to pawn your handbag than your jewellery? Are you surprised that cash starved women pawn their clothes and handbags? Do you agree with me that what Diane von Fürstenberg did represents the positive side of pawning? Should more women, and men for that matter, follow in her footsteps?
Video: Reuters TV – You Tube