From rare Rolexes and Birkin bags to multimillion-dollar art collections, wealthy borrowers are unlocking quick cash from luxury assets—skipping banks and paperwork in favor of speed and discretion. Inside a climate-controlled room at lender Luxury Asset Capital’s Manhattan office, rows of Hermès handbags line the shelves: Mini Kellys in exotic skins worth roughly $75,000 each, diamond-encrusted Birkin bags and other limited-edition …
