Suttons and Robertsons Features in ITV’s New TV Show, Million Pound Pawn
Watch all three episodes of Million Pound Pawn on ITV Hub now.
Million Pound Pawn goes behind the scenes at Suttons and Robertsons, providing an insight into the day to day runnings of a high-end pawnbroker.
From helicopters to houseboats, designer watches to the family jewels, people across the country are sitting on a veritable gold mine of assets, and many are turning to Britain’s pawnbrokers to help transform their prized possessions into cash.
This fascinating new three-part ITV series opens the door to this fast moving industry, telling the story of people with incredible assets and the eye-watering stakes at play.
From the well-heeled entrepreneur looking for business funding, to the Mum looking to fund medical treatment, we unearth the real life stories behind those walking through the pawnbroker’s door and how much they are hoping to raise by parting with their valuables.
Customers generally borrow money from a pawnbroker but they can also sell their assets and with each transaction we will learn about the rare and sometimes unusual items, what their real value is and ultimately whether the price is right to seal the deal.
With unforgettable characters, heart-warming stories and an array of incredible assets, this series will reveal the emotional and financial stakes at play in the world of pawnbroking.
Items Featuring on the Show
- Genuine and Fake Rolex watches
- A Patek Philippe watch valued at £85,000
- Helicopters to houseboats
- Luxury designer handbags
- A Lamborghini and Rolls Royce
An Interview with Suttons and Robertsons CEO, Jim Tannahill
How has Covid-19 and the changing economic climate affected Pawnbroking?
We have been able to trade throughout as we have been a financial service, although we have adapted in that we have been conducting transactions remotely. Our clients can pay via bank transfer. For new loans people can send their items and we transfer the funds. We have been providing a courier service and have even collected ourselves in certain circumstances.
What might a typical day involve?
There is paperwork, phones ringing, items to research, but what you are always waiting for is someone to bring in something special.
What’s the most expensive item you’ve had through your doors?
I have been lucky enough to see watch collections with single pieces being worth over £250,000 including a rare Patek Philippe Grand Complication pocket watch. But the most expensive item came from a collection of diamonds that included a natural blue diamond worth £500,000+.
What’s the most unusual item you’ve bought or sold?
We had a painting of the “Rumble in the Jungle” heavyweight title fight between Muhammad Ali and George Foreman, painted by Muhammed Ali himself. One of our more recent enquiries has been someone wanting to borrow on a large black diamond fashioned as a Falcon.
What does it take to be a great pawnbroker?
It is important that you treat everyone respectfully, first-time clients are often apprehensive and you want to put them at ease and build trust, we are dealing with their valuables and it is important that we let the clients know this. If there is no mutual trust, then building a relationship is difficult.
What’s the best thing about your job?
Every day you never know what might be brought in, it is always a pleasure to be trusted to look closely at people’s prized possessions.
Why did you become a pawnbroker?
I joined Suttons and Robertsons when I was 18 as a trainee and enjoyed my job so much that I am still with the same company.
Lend Against Your Luxury Assets
At Suttons and Robertsons, we accept items of value as security against a pawnbroking loan and are pleased to specialise in luxury branded and high-value items. These may include watches, jewellery, antiques, fine art and luxury and classic cars.
How Much Will a Pawnbroking Loan Cost
All our loans are for 6 months and are secured against your valuables.
Maximum APR (including all fees): 93.21%
No minimum payment term
Maximum payment term: up to 6 months
These loans are redeemable at any point during the loan period.
Pawnbroking Loan of: £1000
Taken out for 6 months
@ 6.5% per month, total interest: £390
Total redemption price: £1390
The APR in this example is 93.21% (including all fees)
Getting Your Asset to Us
We offer several options:
- Instore – Bring your items(s) into one of our London or Manchester stores today.
- Courier Collection – Have your item(s) collected and receive your money within 24 – 48 hours from the comfort of your home.
- Staff Collection – Have your high value item(s) collected by one of our staff members at a convenient time and place for you.
- Home Visit – For high value loans, our specialists can come to you to value your item(s).