Tepper Galleries, the auction house at 110 East 25th Street in Manhattan, has folded quietly. The auction house was founded in 1937 and specialized in midmarket antiques, jewelry, and paintings.
This house was a delight every other Saturday for bargain hunters trying to pick up sterling flatware from abandoned safe-deposit boxes, Art Nouveau ceramics, or gilded console tables in different Louis styles.
From Nytimes.com:
Tepper’s owners, Kenneth Hutter and Max Drazen, did not return several phone calls. Adam Hutter, an auctioneer at the company, referred calls to his brother Kenneth. The firm’s Web site still promises guidance “through all phases of the appraisal, consignment and auction process.”
Tepper’s lease still had eight years left when the gallery owners packed their goods into a few trucks, said Myles Schwartz, an executive managing director at Colliers International, which oversees the Tepper building. “If you can find them, let me know,” he said. “There was nothing we could do to hold them. They just brought everything out the front door.” Colliers will pursue legal action against the auction house, he said, “whatever we can do to recoup.”
Tepper held its highest profile auction in 2008 when paintings by Fernando Botero and whimsical woodcarvings like long-eared monkeys and armchairs shaped like clamshells filled by the interior designer David Barrett.
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