Christie's values Detroit-owned art at $452 million to $866 million

News Manager

Milforums News Bot
By Joseph Lichterman DETROIT (Reuters) - The Detroit Institute of Arts has between $452 million and $866 million of artwork that is owned or partially owned by the city, Christie's, the auction house said on Tuesday. Detroit was declared eligible for Chapter 9 bankruptcy restructuring on Tuesday, and it is possible that the city may seek to monetize some of the artwork. Christie's was retained by the city to appraise city-owned works as part of Detroit's bankruptcy case.




Read more...
 
Back
Top