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.
The group that includes AFSCME Michigan Council 25 said in its motion that Emergency Manager, Kevyn Orr is not moving “aggressively enough to monetize the art.
“We show them all the progress that we have made and all the things that we are learning.”
A 17th-century painting was spotted in a dark corner at Oakland University’s Meadow Brook Hall.
The plan would transfer ownership of the museum building and art from Detroit to the state or the private nonprofit organization that currently runs the museum.
The “Watch Me Move exhibit and film series takes visitors back to the early days of moving pictures in a glimpse into how the” industry began.
If you don’t want Detroit to sell the art — you’d better have a better idea,” Kevyn Orr told the Economic Club.
“We believe that moving our conference to the DIA affirms our support of one of the most outstanding museum collections in the world.”
As Detroit continues to work through its bankruptcy, the director of the Detroit Institute of Arts released a letter weighing in on the possible sale of museum’s collection.