In this edition of Getting To Know, I’ve reached out to Michael Mack, the owner of the world famous Max Pawn. I know pawn shops aren’t your first thought when looking to by luxury goods but like I stated here, this should be one of the first stops you make either in store or online. I mean, seriously, look at the photo below!
Pawn shops are probably the only place that takes authentication as serious as Entrupy and because their business model is to move merchandise quickly, they’re open to reasonable offers.
Michael Mack, the owner of Max Pawn, is a fourth generation pawnbroker and fun fact, in the late 90’s, Michael held the position of Planning Commissioner then ran a successful campaign for a seat on the City Council which he held from 1999 until 2005 in Las Vegas, Nevada.
Michael was kind enough to speak with me on the phone a couple of weeks ago and I found him to not only be very charming, he has a very firm grasp of the luxury market and is poised to grow this part of his business exponentially in 2017.
How did Max Pawn start?
We opened Max Pawn in 1999 as a luxury pawnshop
Pawn shops are known for taking in mostly jewelry, what made you jump into luxury goods?
We saw a niche for high end luxury products. We also saw a decline in the value of traditional pawn shops items such as electronics, tools, and musical instruments.
Where and how do you source your goods?
We offer to buy, trade, pawn, and consign on goods.
Max Pawn’s Louis Vuitton items on Tradesy.com
How are you different from a designer resale store?
We buy trade and pawn on luxury items where most our competition offers consignment only.
What categories do you accept?
Handbags, Wallets, Belts, Scarfs, Sunglasses, Travel Goods and more.
Do you purchase outright, consign, loan…..?
How do you authenticate your handbags?
We have trained authenticators as well as using Entrupy.
Max Pawn’s Chanel items on Tradesy.com
What are your best selling brands?
Louis Vuitton, Chanel, Gucci, Coach
People don’t automatically think to purchase luxury goods at a pawnshop; why should they?
We guarantee 100% and offer a money back guarantee.
What does a typical day look like for you?
Crazy busy all the time at our store.
What changes do you see in 2017?
We will continue to grow our business and gain more traction via the internet and our online sales.
They also have a really great Buy Back program which I’m seeing more and more of. How it works is you can sell your purchased items back to the store within 90 days (for 70 percent of purchase price) to six months (50 percent of purchase price) and receive a portion of the purchase price back on a consignment basis.
With 2017 just beginning, I predict there is going to be much more competition in the resale space and keeping an open mind will benefit your wallet greatly!
You can visit Max Pawn in Las Vegas at: 6040 W Sahara Ave, Las Vegas, NV 89146 / Tel. (702) 253-7296
You can also find Max Pawn online: