This is a significant recession casualty since Dillingham are a well-known international firm who were founded in San Francisco and moved to Manhattan in 2005. They have taken stands at a number of international fairs.
Gaylord Dillingham, president of the company, told ATG last week: “The drastic slowdown in the US and particularly New York economy after the collapse of Lehman Brothers, combined with very high overheads and nervous banks, made continuing the business stressful and, in the end, unrewarding.”
When ATG ventured that a firm of Dillingham’s stature would have experienced economic crises in the past, the president replied frankly: “This has been a recession like no other in the 35 years I have been in business, and I just could not see when the recovery was going to come.”
Gaylord Dillingham, however, will continue in the business as an antiques consultant and appraiser and can be contacted at PO Box 101, Springfield Center, NY 134468 or email hgdillingham@me.com
By David Moss
