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Hock jock: pawn shops such as Elliott Salter's manage to thrive in the age of online sales.


E Bay and Craigslist may have changed the secondhand business, but there's still a place in the world for a pawnshop filled with stories.

And just about every item in the Elliott Salter Pawn Shop a shop where a pawnbroker does business.
- Shak.

See also: Pawn
 has one. Glass eyes, hearing aids Hearing Aids Definition

A hearing aid is a device that can amplify sound waves in order to help a deaf or hard-of-hearing person hear sounds more clearly.
, gold treasure and rare musical instruments have crossed the threshold of Elliott Salter's West Hollywood West Hollywood

A community of southern California northeast of Beverly Hills. It is mainly residential. Population: 36,600.
 shop since he took over his father's business in the 1960s. But he won't take anything that eats.

"I had a guy once who saw this stuffed animal
For preserved dead animals, see taxidermy.


A stuffed animal is toy animal stuffed with straw, beans, cotton or other similar materials. Some stuffed animals are very old – home made cloth dolls stuffed with straw go back to at least the
 head I had in the shop," Salter said. "He came in and wanted to know if I wanted to buy a lion, so I go out to the car and in the back of his station wagon there's a live lion."

Salter remembers working in his father's shop as a child, when the pawn
The correct title of this article is too long. Article title lengths must be less than 256 characters because of technical restrictions.
When the Pawn...
 business functioned as a workingman's bank.

"There were no credit cards, no banks open on Saturday, no ATMs," Salter said. "When people needed money, that's where they went."

Collateral lending is still the main attraction of pawnshops, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Dana Meinecke, executive director of the Texas-based National Pawnbrokers Association. It's a growth sector across the U.S.: In 1988 there were 6,900 pawnshops and today there are 13,000.

"The future is very good because we still have all of those millions of people who are unbankable, so the pawnbroker pawnbroker, one who makes loans on personal effects that are left as security. The practice of pawnbroking is ancient, as is recognition of the danger it involves of oppressing the poor.  is their bank," she said. "The primary business of pawnbrokers is lending money. It is not to buy and sell."

And shops such as Salter's can compete with online sales thanks to expert service.

"Elliott has an eye for quality, he really knows what he's doing," said Joel Tepp Joel Tepp is a multi-instrumentalist ( guitar, harmonica, clarinet ). Joel Tepp has had a long and distinguished career, both as a performer and support to many noted names in the music industry. , a longtime customer who's bought a series of musical instruments from him over the years. "Sometimes you go out of need and sometimes I'll go just to find things I didn't even know existed."

Salter's discerning selections go beyond saxophones and violins, though. Former customer and current employee Ed Thomas says Salter has a knack for choosing quirky items with a certain appeal.

"Sometimes I say you won't be able to sell that and I turn around and he'll be selling it," said Thomas. "I don't question him any more; I've been proven wrong too many times."

Taking on unusual collectibles used to be more of a risk.

But these days "people are searching for all sorts of weird things," Salter said.

The Santa Monica Boulevard shop's windowdisplays have attracted musicians, artists and movie stars. The Von Bondie's shot an album cover there and the Muffs filmed a music video. Scenes from the jazz movie "Lush Life" took place within the pawnshop's walls. The musicians and actors would often return as customers.

"Anybody can go to Macy's or the Gap," Salter said. "People come here looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 something different."

One of the most remarkable items Salter remembers was treasure from the Spanish ship the Nuestra Senora de Atocha that sank in 1622. A man pawned a block of solid gold to raise money for his ailing daughter.

"The reflection of the gold on the green metal case was just spectacular," Thomas remembers.

By AMANDA BECKER Contributing Reporter
COPYRIGHT 2007 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Up Front
Comment:Hock jock: pawn shops such as Elliott Salter's manage to thrive in the age of online sales.(Up Front)
Author:Becker, Amanda
Publication:Los Angeles Business Journal
Geographic Code:1U9CA
Date:Jan 29, 2007
Words:525
Previous Article:Author turns up marketing power of internet sites.(Up Front)
Next Article:The award for best use of banquet leftovers goes to ...(Up Front)(Angel Harvest )
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