Hummel, headquartered in Germany, has been in insolvency court, and while a purchaser has been found for the German holdings and intends to continue selling the company’s much prized china figurines, the U.S. operations are being liquidated, according to a legal notice issued late last month.
The unidentified purchaser of the German holdings of Hummel has stated that they are interested in continuing to distribute Hummel porcelain in the United States, but that same purchaser declined to purchase the U.S. operations.
“The U.S. affiliates will sell all of their assets expeditiously and make a distribution to their creditors of all amounts recovered,” the notice states.
The fate of the Hummel collector’s club is still in flux. Membership payments made after Oct. 22 may be refunded, and “an appropriate transition for the members of the Hummel Club is still being discussed with the purchaser,” the notice said.
We’re greatly saddened to hear this terrible news. Hummel figurines and other fine collectables have long been an important part of the decorative porcelain market and they are beloved by many collectors around the world. M.I. Hummel’s contributions to this industry over the past 79 years cannot be understated. This is a devastating blow to the world of porcelain collecting.