When a client pays late, a freelancer can use a Rolex as collateral to cover...

https://mighty-wiki.win/index.php/Loan-to-Value_for_Rolex_Watches:_What%E2%80%99s_Normal%3F

When a client pays late, a freelancer can use a Rolex as collateral to cover rent or gear before the next invoice clears. One lender’s example turns a $33,000 watch into $10,000 in short-term cash, with the watch securing the loan.