Inventory from New York's bankrupt Salander-O’Reilly Galleries LLC, including European art from the 12th century to about 1725, will be auctioned, possibly by Christie's in June.

Last year, proprietor Lawrence Salander was charged with 103 counts of fraud, forgery and other crimes, in relation to the near $92 million worth of art he bilked from about 400 collectors, dealers, and other entities.

The court hasn't ruled which creditors will be paid from the proceeds. A settlement was made between the unsecured creditors and First Republic Bank, which loaned Salander about $30 million. Currently, art consultant Kristin Gary is sorting through the 1,000 artworks in the defunct gallery's inventory.