Luxury Asset Capital and TGS Partner to Streamline Watch-Backed Loans

The collaboration integrates TGS’s third-party verification and condition-grading services directly into the lending operations of Luxury Asset Capital, which manages brands including Borro, Beverly Loan Company, and New York Loan Company. By utilizing TGS’s unbiased assessments of authenticity and movement health, the lender aims to standardize the evaluation process for luxury collateral. TGS, which employs over 40 master watchmakers, will also provide high-security vaulting services for timepieces held as collateral during loan terms.

Dewey Burke, CEO of Luxury Asset Capital, noted that the partnership provides an impartial layer of security for borrowers while expanding access to capital for the TGS collector network. Fred Savage, founder of TGS, emphasized that the move allows collectors to unlock the value of their holdings without sacrificing the integrity of their verified collections. This integration is designed to simplify the borrowing process, enabling owners to leverage their assets while ensuring watches remain documented and professionally stored.