detroit-institute-of-arts

Precious Art Appraised as Detroit Tries to Dig Out of Debt

Cord Jefferson · 08/05/13 07:54PM

A couple weeks after a state-appointed emergency manager filed a bankruptcy claim on behalf of Detroit, the world-famous Christie's auction house has been called in to begin appraising some of the Detroit Institute of Arts' permanent collection. But lest you should assume this is the sign of vultures coming in to pick at a decaying carcass. everyone involved in this process promises this is just a formality and no art will be sold.