Detroit Institute of Arts being appraised for Detroit bankruptcy

As part of the bankruptcy process, last week Christie’s, an international auction company, said that it would be apprising some of the works of art housed at the Detroit Institute of Arts. The museum has works of art by famous artists including Renoir and Van Gogh. If Detroit’s bankruptcy is approved, the works of art could be sold as part of the bankruptcy estate to pay the city’s debts. Even though the city manager states there is no plan to sell the art, the valuation is part of the process.

For the full story read, “Christie’s to appraise Detroit museum collection amid bankruptcy.”

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