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.

[2] In 2003, Kurt Feldman started operating the Famicom (NES) that then was heavily incorporated into the music he made with the Depreciation Guild.

The band eventually took a more serious path, releasing their debut, digital-only EP, Nautilus, through chiptune label 8bitpeoples in 2006 and playing live shows.

[6] In August 2013, the original lineup of Kurt Feldman and Adrian Hashizume reunited for a one-off performance of In Her Gentle Jaws in its entirety at Glasslands Gallery in Brooklyn.

[7] On March 8, 2023, the Depreciation Guild reunited to perform their first show in a decade at New York City's Mercury Lounge, celebrating the 20th anniversary of Kanine Records.