For art lovers, Detroit is a tale of two cities
For art lovers, there was more depressing news out of Detroit last night. The Detroit Free Press reported another move on the chaotic chess board of the Detroit bankruptcy case, this time one that could affect the Detroit Institute of Arts. Top creditors, including bond insurers, European banks, and the city’s largest employee union, filed a motion in federal court seeking to have representatives placed on an independent committee that would oversee the assessment and financial valuation of art in the DIA collection (much of it owned by the city).
For art lovers, there was more depressing news out of Detroit last night. The Detroit Free Press reported another move on the chaotic chess board of the Detroit bankruptcy case, this time one that could affect the Detroit Institute of Arts. Top creditors, including bond insurers, European banks, and the city’s largest employee union, filed a motion in federal court seeking to have representatives placed on an independent committee that would oversee the assessment and financial valuation of art in the DIA collection (much of it owned by the city).