Thursday, July 20, 2006
Berry-Hill Updates
More on the Berry-Hill Galleries' bankruptcy situation has been posted online today by The Art Newspaper. Reporter Martha Lufkin indicates that other dealers, who are Berry-Hill creditors, are getting nervous.
James Berry Hill, a director of the gallery, told me on June 26 that the gallery was settling claims against it, "so that nobody is harmed." He also said at that time that the gallery's East 70th Street premises were no longer for sale.
But here they are, still available on Stribling's website for $20 million. The offering is described as "a once in a lifetime opportunity," but no longer characterized as "a court supervised sale."
James Berry Hill, a director of the gallery, told me on June 26 that the gallery was settling claims against it, "so that nobody is harmed." He also said at that time that the gallery's East 70th Street premises were no longer for sale.
But here they are, still available on Stribling's website for $20 million. The offering is described as "a once in a lifetime opportunity," but no longer characterized as "a court supervised sale."
