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Yellen Partners to Conduct Sale New Metal Crafts Lighting Inventory

September 22, 2015, 07:56 AM
Filed Under: Industry News

Yellen Partners, a financial services, asset management, retail and industrial liquidation, auction neer and appraisal firm, announced the liquidation sale of over $10 million of high quality lighting fixtures and chandeliers for New Metal Crafts, Inc. an over 75-year old Chicago-based commercial and residential lighting company. New Metal Crafts has designed, manufactured and supplied decorative lighting for over 75 years. The vast collection displayed in their five story Chicago showroomm / warehouse includes many antique chandeliers and sconcess, vintage lighting fixtures, contemporary and modern lighting.

Commercial and residential lighting assets available include 2,500 of the best “one of a kind” antique chandeliers and sconces and over 15,000 imported European chandeliers and sconces.    

“We’re pleased proud to offer customers the opportunity to purchase such high quality lighting from the five warehouse floors.  With items up to 80% off retail price, and prices below wholesale prices, this opportunity is perfect for consumers, decorators and resellers as everything is below wholesale prices,” said Brian Yellen, president of Yellen Partners.

Yellen Partners, LLC is a Victory Park Capital portfolio company that is a specialized, hands-on provider of asset monetization solutions focused on the acquisition and disposition of retail and wholesale inventories, as well as healthcare and industrial machinery and equipment, for businesses seeking to continue operations or sell assets as a going concern. Core activities include sourcing, acquiring and monetizing distressed and other surplus assets through transaction strategies, including, but not limited to, retail store closings, orderly liquidations of wholesale inventories and specialty assets, as well as private treaty sales and on-site and on-line auctions.

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