Posts Tagged ‘ Detroit Institute of Art ’

The Detroit Institute of Arts

Chinese circle Detroit

Apr 11th, 2014 | By

The deal of the decade is in play as potential suitors for the 60,000 strong collection of the troubled Detroit Institute of Art start to make offers. The Chinese clearly want the Chinese part of the collection and have made 2 offers through the little known Yuan Capital of Hong Kong and the Beijing based
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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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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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