Wednesday, August 23, 2006

Berry-Hill Still in the Game

Lee Rosenbaum remains the go to grrl for news on the Berry-Hill Galleries bankruptcy proceedings. While I was away last week, she had word that the gallery closed on a $21-million loan, allowing it to remain in business rather than liquidate under Chapter 7. The on again, off again sale of the gallery's 70th Street townhouse seems to be, well, somewhere in the middle: it's still listed for sale, but Lee quotes the chief restructuring officer for the bankruptcy as saying it's not being "marketed fully." The Maine Antique Digest has more on the loan here.