Posts Tagged ‘ Kevin Orr ’

Visitors walk past Breughel's 'Wedding Dance' in the Detroit Intitute of Art

Should Detroit sell off its art?

Feb 11th, 2014 | By

  The City of Detroit is bust.  Selling off its exceptional hoard of art treasures could fix it – but not without complicated and legal consequences.   Ivan Lindsay, The Good Life/ Art, Spears WMS Magazine, Issue No. 35, December 2013.         ON 18 JULY, Detroit filed for Chapter 9 bankruptcy, seeking
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Visitors walking past 'The Wedding Dance' by Peter Breughel the Elder in the Detroit Institute of Arts

Christie’s completes initial Detroit valuation

Dec 21st, 2013 | By

  Christie’s has announced its valuation of the 2,800 artworks from the Detroit institute of Arts.  They believe they are worth between $454 million and $867 million. Christie’s spent three months determining the collection’s fair market value after Detroit filed for bankruptcy last summer. Its findings were submitted in the long-awaited report to Detroit’s state-appointed emergency
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