Thursday, December 19, 2013

Christie's values Detroit's art at $454M-$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 has appraised nearly 2,800 city-owned artworks at the Detroit Institute of Arts to be worth a total of $454 million to $867 million.








via Entertainment News Headlines — Yahoo! News
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