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Bankruptcy

Putting a Price on Detroit's Art


Among the most contentious questions in the Detroit bankruptcy is whether the Detroit Institute of Arts should be forced to liquidate its collection to help pay creditors. In preparation for a trial in August, DIA and the city hired Artvest, an art investment firm, to value the museum’s collection. Its report, made public on July 9, illuminates some of the quirks of the art market. Comments have been edited for punctuation and to correct typographical errors.

Weise_190

Weise is a reporter for Bloomberg Businessweek in Seattle. Follow her on Twitter @kyweise.


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