The Depreciation Guild (2005-2010) was a dreampop band from Brooklyn, New York, United States. Recognized as much for their unexpected arrangements as for their unique blend of gauzy guitars and Nintendo Famicom programming, The Depreciation Guild developed somewhat of a cult following in their five years in existence. Originally a vehicle of songwriter / producer Kurt Feldman, the band's first recorded output was Nautilus, an EP made available for free download through New York netlabel 8bitpeoples in 2006.