Detroit Institute of Arts Risks Losing Funds If City Sells Collection:
“DETROIT – In further news related to Detroit’s dire financial straits, Randy Kennedy reports in the New York Times that officials in Oakland County in Michigan have voted to terminate the property tax they instituted last year to help fund the Detroit Institute of Arts, if the museum’s collection is used in any way to raise money for Detroit’s creditors. The resolution—which supports the publicly expressed desire of the museum’s administrators to keep its collection intact—comes at a time when Detroit’s emergency manager has raised eyebrows by hiring auction house Christie’s to appraise the museum’s art holdings. Kennedy also noted that, while relations between the city and the DIA may be tense, the museum announced on Monday that it would not file an objection to the city’s decision to file for bankruptcy under Chapter 9.”
(Via Art & Education » News.)