Putting a Price on Detroit's Art

An art investment firm estimates the value of Detroit’s collection

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.

$1.5m-$2.5mJohn Singer SargentMadame Paul Poirson1885, oil on canvas?????Young women in white dresses are amongst the most salable of Sargent???s portraits.???From a report by Artvest, an art investment firm hired by Detroit to value the collection at the Detroit Institute of Arts. Comments have been edited for punctuation and to correct typographical errors.
$1.5m-$2.5mJohn Singer SargentMadame Paul Poirson1885, oil on canvas?????Young women in white dresses are amongst the most salable of Sargent???s portraits.???From a report by Artvest, an art investment firm hired by Detroit to value the collection at the Detroit Institute of Arts. Comments have been edited for punctuation and to correct typographical errors.

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