Wednesday, December 18, 2013

Christie's says Detroit art worth up to $867M

In a photo from Tuesday, Dec. 10, 2013 at the Detroit Institute of Arts in Detroit a guest looks over the "Self Portrait" by Van Gogh, left, and "Portrait of Postman Roulin" by Van Gogh, both owned by the city of Detroit. The fate of Detroit’s art is one of the sorer points amid the city's march into bankruptcy. The city purchased many of the pieces in the collection years ago during more prosperous times, which means the works that many consider part of the cultural soul of the city could be considered assets in the bankruptcy to help pay off creditors. (AP Photo/Carlos Osorio) DETROIT (AP) — Christie's auction house has completed its final report on the value of about 2,800 city-owned pieces in the Detroit Institute of Arts and has offered alternatives to a potential sale to satisfy creditors during the largest municipal bankruptcy in U.S. history.








via Entertainment News Headlines — Yahoo! News
Posted by at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)