Phillips de Pury & Co. to sell art works of the now-defunct, Dreier LLP law firm
September 19, 2010
When Dreier LLP filed for Chapter 11 protection in bankruptcy court in Manhattan, claiming to have liabilities tallying between $10 million and $50 million, they knew they would have to part with their collection of 20th Century Master prints. Credits waiting satisfaction include, landlord of 499 Park Ave. ($908k); West Publishing ($441k); American Express ($323k); PR firm Van Prooyen Greenfield ($274k); ABM Janitorial Services ($89k); and AT&T ($81k).
The Dreier collection includes blue chip artists of the 1970’s and 1980’s and will go under the hammer of Phillips de Pury & Co this fall.
Sources:
https://web.archive.org/web/20101228165018/http://www.law.com/jsp/article.jsp?id=1202429441139
Disclaimer: This article is for educational purposes only and is not meant to provide legal advice. Readers should not construe or rely on any comment or statement in this article as legal advice. For legal advice, readers should seek a consultation with an attorney.
