Tuesday, July 09, 2013
Should Detroit sell its art?: Motown steps on Degas | The Economist
Should Detroit sell its art?: Motown steps on Degas | The Economist: Desperate times call for harsh measures. Kevyn Orr, the city’s emergency manager, who was appointed this year with almost dictatorial powers to turn the city’s finances around, has ordered an inventory of the treasures in the DIA. These were valued at $1 billion in 2004; they may be worth more now. If Detroit formally declares bankruptcy, they may be sold. That would be controversial.