The Depreciation Guild

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