“It’s important to note that the DIA is not in bankruptcy, in fact it is functioning extraordinarily well.”
The W.K. Kellogg Foundation is giving $40 million to prevent the sale of Detroit art and help city retirees.
“This is a settlement. This is not a bailout, and I want to be very, very clear about that,” the governor said.
Take a guided tour of the African American art galleries, which feature works by Benny Andrews, Ali McGee, Tyree Guyton, among others.
People as far away as the United Kingdom have come forward offering donations to the bankrupt city of Detroit.
A federal judge has asked foundations and others to raise $500 million to protect pieces in the DIA while assisting pensioners.
The Detroit Film Theatre (DFT) will celebrate 40 years of outstanding cinematic drama this January.
The fair market values of some of the most popular pieces in the Detroit Institute of Arts – including Bruegel the Elder’s “The Wedding Dance” and a Van Gogh self-portrait – have been released.
A former Detroit university professor is pledging $5 million, hoping it will spark a wildfire of private financial support to protect valuable art from being sold to pay creditors in the city’s bankruptcy.
New York auction house Christie’s estimates the fair market value of city-bought works at the Detroit Institute of Arts to be between roughly $450 million and $870 million.