Thursday, May 20, 2010


Tepper Galleries, a well known New York auction house, just emptied its building on East 25th Street and locked the doors. What happens to those owed money from sales, to those who have items waiting to be sold, to other creditors? We have seen this happen before and consigners are lucky to get either money or their items returned. Be sure when you send things to be sold you know that there is protection for you--that money will be collected in escrow and your pieces insured.


Anonymous said...

Dear Kovels,

Contrary to what you have put out on the internet and to the others have followed up on your post, there is not one single consignor that was owed money by Tepper Galleries that was not paid what they were owed COMPLETELY! Before the doors were closed, every single consignor was paid in full, and if checks were returned as undeliverable, the parties were sought out and hand delivered their entire money owed. Please check your facts before posting slanderous opinions that are not based on facts. There are other people involved here besides Tepper and you can have a totally unfounded affect on their lives by what you have put on the net. I find it irresponsible that your organization would do this without getting more information. Check the law journals. You will find one, and one one creditor of Tepper Galleries that was not paid, the landlord.
What happened with Tepper was unfortunate, but there are people who did everything they could to keep all personal and business reputations in tact from owners to porters. You have affected them all by your false accusations.

Anonymous said...

dAnonymous seems a little touchy. As I read it, no accusation was leveled against Tepper, there was simply a statement made that, in the past, bad things had happened when an (unnamed) auction house closed. The thrust of the original item was not to accuse Tepper, but to warn consignors, etc., to be sure they're protected when leaving an item in an auctioneer's possession.