
Jon Humphreys gave his wife, Jessica Humphreys (43), a black Hermès Birkin as a gift for her birthday, and it was so special to her that she would only carry it sparingly. Difficult times came one month when they were slammed with bills totaling £7500 pounds Sterling (about $12,000 USD) as a result of school fees for their children and emergency rewiring. Jessica, an interior decorator, never dreamed of selling the Hermès Birkin, but financial hardship drove her to consider the unthinkable. She didn’t want to lose the bag completely, so she decided to use it as collateral for a loan after her friend told her about the £2,000 (about $3200 USD) loan she had received upfront for pawning her designer goods. Once reality sunk in, Jessica explained, “That’s when it dawned on me that our greatest assets, other than the house and cars, were in my wardrobe.”
After much consideration, Jessica settled for a visit to a high-end pawnbroker named Prestige Asset Finance in Weybridge, Surrey U.K. to pawn her Hermès Birkin, and left with £4,000 (about $6400 USD) that she could now use to pay her bills. After paying the bills, Jessica planned to reclaim her Hermès Birkin by paying the loan within the allotted six month time frame. At the time that the bag was pawned she did not tell Jon about it because of the stigma attached to pawnbrokers. She also stated, “Jon bought me my Hermes bag so I think he might be hurt that I was willing to part with it. Although I’m sure if I explained that it was being securely stored and I have no intention of not reclaiming it, he would understand.” Jon was led to believe that the money Jessica acquired was from her parents, and only Jessica’s friend knows of the pawning, since she is the one who suggested it. Fortunately, Jessica is sure she will be able to pay off the loan and reclaim her Hermès Birkin.
Perhaps if Jon hadn’t bought the Hermès Birkin in the first place, this entire catastrophe could have been avoided.… however, even though it was more risky and stressful, Jessica gets to pay the bills and keep the Hermès Birkin. Was it worth it? Would any of you, dear readers, pawn your Hermès items?
–Hermès Purse Forum
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