The Depreciation Guild

The Depreciation Guild was an American shoegaze band from Brooklyn, New York. The group was formed in 2005 by Kurt Feldman and Adrian Hashizume. Before disbanding, their lineup included Kurt Feldman and Christoph Hochheim (who later became the drummer and touring guitarist, respectively, for indie pop band The Pains of Being Pure at Heart), joined for live performances by Anton Hochheim on percussion and Raphael Radna on bass guitar.