Freelancers can use a Rolex to cover the gap between an invoice and rent...

https://titusscoolinsight.capitaljays.com/posts/rolex-loan-to-build-an-emergency-fund-does-that-make-sense

Freelancers can use a Rolex to cover the gap between an invoice and rent without selling the watch. A lender may value a $33,000 Rolex and offer a $10,000 loan, with the watch held as collateral until repayment