Alfredo Reyes, once a highly regarded dealer in Meissen porcelain and Rococo antiques, has gone into hiding amidst growing financial troubles and legal inquiries. The Munich public prosecutor's office and the insolvency administrator are currently unable to locate him, while an insolvency procedure has been underway since summer 2025, contributing to the aura of scandal surrounding his name. Reyes faces claims exceeding 17 million euros from 39 creditors related to his gallery, 'Kunsthandlung Röbbig'.

In addition to his financial woes, Reyes is also under investigation for suspected fraud and breach of trust. The situation has become dire as his reputation has crumbled, transforming him from a respected figure in the art world to a subject of legal scrutiny. Meanwhile, a significant auction is set to take place in June at Sotheby's in Paris, where 700 objects from Reyes's collection will be sold, further complicating the dynamics of his creditors’ claims.

The unfolding situation not only reflects the downfall of a once-prominent figure but also raises questions about the management of valuable antiques and the responsibilities of dealers within the art market. The outcome of the auction and ongoing investigations will likely have significant implications for Reyes's creditors and the future of his art dealings as the inquiry into his activities continues to develop.